He completed his high school education in Sremski Karlovci and the Faculty of Philosophy at the University of Pest.

Bishop Josif (Putnik) was sympathetic to Stanković and helped him move ahead.

In his honour, Adam Dragosavljević wrote an ode in 1829 that was the second book published in Vuk Karadžić's reformed language.

Prota Stamatović dedicated his almanac Serbska pčela ("The Serbian Bee") to Metropolitan Stefan (Stanković), initiated in 1830.

During his reign as Metropolitan, he provided scholarships for 12 young men, including the painter Dimitrije Avramović.