I have heard that this is institution-dependent, but I was wondering how and when stipends are paid. I'm guessing it's either one month in advance, at the end of each month, or three months in advance, but I'd be interested to hear if there are variations in this. If it makes any difference, I'll be funded by the MRC.
Hey!
We only get paid three times a year, on the last fridays of September, January and May. It's great to have over 4k in the bank but total crap the last month before you get paid! Damn those monthly bills!
Quarterly by NERC straight into my bank account, and a big lump sum once a year from the CASE partner.
can't help thinking it would be best to stick annual or quarterly payments in a high-interest savings account (maybe an online ISA) and set-up a standing order to yourself.
that way you get "paid" monthly, can budget monthly and even earn some decent interest too.
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