A stipend “represents a payment that enables somebody to be exempt partly or wholly from waged or salaried employment in order to undertake a role that is normally unpaid, or voluntary, or which cannot be measured in terms of a task(wikipedia).” As any graduate student could attest, this description fits seamlessly with a typical graduate student experience. It is this reason we still call graduate student payment “stipends” to this day.
As our economy is in turmoil and manufacturing jobs continue to be shipped overseas, it is an accepted fact that technology and innovation will carry our economy into the 21st century. Since this innovation is being done by graduate students, it seems only fitting to restore the tax exempt status of graduate student stipends to promote this career path
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