I was just curious to know how much (or how little) students are getting paid. What is your stipend/fellowship worth. Is this more money or less money than you are making now? Do you think you can make a smooth transition? Also, is the price of living around your school high or low? I'm going into a clinical PhD program in a small city (~100,000 people) where the cost of living should be low to moderate. My fellowship is worth 14,000 for the academic year + tuition remission and health insurance. After the fellowship ends the stipend will be around 11,000. Pathetically, this is a bit more money than I make currently as a research assistant.