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For students or researchers it is a stipends, which is payment towards educating them or supporting their education. Scholarships, assistantships and fellowships may provide some stipends which cover expenses like tuition, books, and living expenses. Some educational stipends are not taxable when used for qualified expenses, but other educational stipends may be taxable if they pay non-educational costs. Financial aid in the form of stipends allows students to concentrate on their studies without needing to be on full time employment. There are stipends offered by universities, government programs, and private organizations to cover for academic and research pursuit.
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