A graduate assistant is a person who serves in a support role (assistantship) at a university, usually while completing post-graduate education. The individual typically assists professors with instructional responsibilities as teaching assistants or with academic research responsibilities as research assistants, aids coaches with an athletic team, or is employed by other university departments (such as housing or academic advising).
Rather than receive hourly wages, GAs are often remunerated in the form of a stipend. Assistantships provide experience for graduate students, increasing their future employment options.
Graduate assistantships are beneficial to the employing university as well because graduate assistants fill positions that would cost the university significantly more to fill with traditional employees.
A stipend is defined as a fixed sum of money paid periodically for services or to defray expenses. That remuneration is termed a "fee" or "stipend" rather than salary or wages is immaterial. The stipend allows for the graduate student to focus on their studies instead of a full-time job, but pays a significant portion of the income of a full-time job. A PhD graduate stipend is considered income in the United States.