Definition
A modest fixed payment given to students, interns, or researchers—not quite a salary, more like an allowance that acknowledges you're doing valuable work while keeping you just above the poverty line. Universities and research institutions love stipends because they get highly educated labor without the messy complications of actual employee benefits. It's the academic world's way of saying 'we appreciate you' with just enough money to cover rent and ramen.
Example Usage
Her graduate stipend of $22,000 per year was described as 'competitive,' which apparently meant competitive with homelessness.
Source: Common academic and employment terminology
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