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Stipend

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A stipend is a form of payment or salary, such as for an internship or apprenticeship. Stipends are usually lower than what would be expected as a permanent salary for similar work. This is because the stipend is complemented by other benefits such as instruction, work experience, food, accommodation, and personal satisfaction. Universities usually refer to money paid to graduate research assistants as a stipend, rather than as wages, to reflect complementary benefits. In Ancient Greece, stipends were generally given to the young to be apprentices, in exchange for something of his family's or a portion of payment from the boy's father.

A sentance example: Students selected for this group receive a full tuition scholarship and a stipend.

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