Host Stipend Payment Schedule
At StudentRoomStay, we are committed to providing our hosts with clear and timely payments. Below is an overview of our stipend payment schedule and key details to help you understand when and how you’ll be paid.
Weekly Payment Schedule
Host stipends are processed on a weekly basis.
- The hosting week runs from Friday night through Friday morning (i.e., 7 nights maximum).
Your First Payout (Prorated to Friday):
- Your first payout only covers the days from your student’s arrival day through the first Friday.
- This amount is prorated (not a full week) and has any background check fees deducted.
- That payout is released on the second Tuesday after that first Friday.
Example Timelines:
Example #1
|
Student Move In |
Hosting Days Covered | Payout Released | Notes |
| Tues, Sept 2 | Tues-Fri (Sept 2-5) 3 nights | Tues, Sept 16 | First payout – prorated & minus background check fees (if applicable) |
|
Fri-Fri (Sept 5-12) 7 nights |
Tues, Sept 23 |
Second payout – full week stipend |
Example #2
| Student Move In | Hosting Days Covered | Payout Released | Notes |
| Sat, Sept 6 | Sat-Fri (Sept 6-12) 6 nights | Tues, Sept 23 | First payout – prorated & minus background check fees (if applicable) |
| Fri-Fri (Sept 12-19) 7 nights | Tues, Sept 30 | Second payout – full week stipend |
Second Payout and Ongoing Payouts
- Please note that the second payout and any ongoing payouts may not be a full week stipend if your student moves out earlier than expected. In that case, the stipend may be prorated.
Payment Delivery
- Payments are typically sent via direct deposit by end of day Tuesday.
- Actual processing time is dependent on your bank.
- Depending on your bank, funds may take 1–2 business days to appear.
- If a holiday or bank delay occurs, the payment will arrive slightly later.
Tax Reporting
StudentRoomStay will issue a Form 1099-NEC each January for hosts who meet the IRS reporting threshold.