Studentships are another way of financing your studies. A studentship is very similar to a scholarship. As with a scholarship, you have to apply in order to receive support. Furthermore, you do not have to pay the money back. However, the application criteria you have to meet vary depending on your skills and availability.
Studentships are mainly available for postgraduate research studies, such as a scientific Masters programme or a PhD. The main difference between a scholarship and a studentship is that you are expected to work in order to receive funding. You could possibly work as a teaching or research assistant.
Many common job websites also provide vacancies for postgraduate studentship jobs. Internal announcements at your university might be another place to find a studentship. You could approach your tutors to see which possibilities you have. They might know about vacancies.
The advantage of a studentship is that you gain practical experience even before graduating. This could be very beneficial for your future career.
It is barely possible to give generalized information about how much you can earn through a studentship, as this depends on both the institution and the programme. Again, you should approach the institutions you are interested in for more detailed information.
Keep in mind that studentships are not always called studentships. In the US, for example, this kind of financial support is often referred to as teaching assistantships (TA) or research assistantships (RA). In the UK, postgraduate studentships are often known as PhD Scholarships, whereas in Germany, postgraduate students who receive financial support through a studentship are mostly called ‘wissenschaftliche Mitarbeiter’.