I'm curious to hear from other DMs who have ran the earlier parts of the adventure path regarding the 4 gold a month stipend. It was my understanding that the room and board was free for the students and that the stipend is extra spending money.
Going by the treasure per level chart it seems like the players will outpace that after a year of schooling.
Should I reduce that to 3 gold a month?
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Do you imagine it taking them years to level? 4 gold will pretty quickly become a pittance for adventurers.