Tag Archives: funding

Affording and Repaying Grad School

New Tools for Affording and Repaying Graduate School

Affording and Repaying Grad School

On our APAGS website, we recently published a page with tools and materials sorted into four key areas:

  1. Education costs and affordability
  2. Aid, grants and funding opportunities
  3. Loan repayment and forgiveness
  4. Financial fitness

Please visit our new webpage to get information on any of these areas. No matter what phase of an academic career you’re in (a prospective, current, or recent graduate student) there’s likely a link or two to help you. Links consist of materials APA publishes and also materials vetted by APAGS staff.

Gone Fishing: Making Sense of Your Options for Graduate Study

If you’re fishing for a graduate program in psychology, the sea is plentiful. But how do you know which one you want?

At times, it is not clear how programs differentiate themselves from each other. Many applicants are not provided the tools to evaluate programs based on data that is available. Applicants might not know what makes one program a great fit for their professional goals, and another a not-so-great one.

APAGS understands that the choice to go to graduate school in psychology is very significant. We’re trying to take the guesswork out of helping you find your own ideal, high quality training. We’ve blogged about it before and presented about it locally and at regional psychological conferences. (In 2015, we’ll be presenting at EPA in March and RMPA in April.) Now we’re upping our game and making it even easier for you to get on-demand access to our best resources and professional perspectives on the graduate school selection process!

Recorded in November 2014 with the support of Psi Chi and our colleagues in the Education Directorate, the following APA webinar workshop helps you navigate the process of applying to graduate school in psychology as an informed consumer. You will learn (1) the similarities and differences between various degrees and psychology subfields; (2) how to evaluate schools based on several objective and subjective criteria; and (3) how to potentially afford and repay the cost of your graduate education in psychology. Questions and answers follow the formal presentation.

You can also view just the slides (PDF, 2MB) of this workshop, or slides and workshop transcript together (PDF, 1MB). For more resources on applying to, affording, and eventually repaying your graduate education in psychology — including some of the worksheets referenced in the recording —  please visit our APAGS resource page.

Happy fishing!

 

Funding Opportunity for Grad Students! Basic Psychological Science Research Grant

Are you conducting psychological science research and need additional funding for your study?  The APAGS Basic Psychological Science Research Grant provides financial support for direct costs associated with psychological science research studies conducted by graduate students.

Graduate students in the following science-oriented fields are encouraged to apply:

  • Cognitive,
  • Cognitive Neuroscience,
  • Computational, Developmental,
  • Experimental or Comparative,
  • Industrial/Organizational,
  • Neuropsychology,
  • Neuroscience,
  • Perception and Psychophysics,
  • Personality and Individual Differences,
  • Psycholinguistics,
  • Physiological,
  • Quantitative,
  • Social, and
  • Clinical Science

Students in fields with a practice component are eligible, but they must focus solely on their scientific research in their application materials.

In addition, there is new funding for the grant specifically designated for those conducting diversity-related research.  APAGS is offering up to 3 awards for $1,000 to fund diversity-related research project if you apply for a Basic Psychological Science Grant.  APAGS defines diversity according to APA’s Multicultural Guidelines (2002): Diversity “refer[s] to individuals’ social identities including age, sexual orientation, [gender and gender identity], physical disability, socioeconomic status, race/ethnicity, workplace role/position, religious and spiritual orientation, and work/family concerns.”

Eligibility caveats:

  • Undergraduates are not eligible to apply for these grants/awards, nor are current or former APAGS Committee members, subcommittee chairs and task force chairs.
  • Former APAGS subcommittee members or ad hoc reviewers who have previously reviewed this grant are not eligible.
  • Previous recipients of each grant/award are not eligible to apply again for a period of five years.

Read more and apply online by December 3!  For specific questions, contact APAGS or Alexa Lopez!

Fun with data: Internship Stipends, cost of living, and practicum hours

Many graduate students in clinical, counseling and school psychology programs are preparing applications to internship positions across the country this fall. The internship component has been a requirement to earn a doctoral degree in these programs for decades. And every year the American Psychological Association’s Commission on Accreditation (CoA) collects data on students in accredited doctoral and internship programs.

Let’s have some fun with those data!

The first chart shows the mean and standard deviation of stipends from APA accredited internships from 1998 to 2012. Click the chart to magnify it:

Intern Stipends

Since 1998, the mean stipend for clinical, counseling, and school psychology interns has increased steadily. In fact, the stipends one standard deviation below the mean have increased by almost $5,000. (Source.)

While internship stipends have generally been increasing, do they cover the cost of living? My second chart presents the percent change in the median internship stipend and the percent change in the consumer price index (CPI) from year to year:

Stipends vs CPI

As you can see, the percent change in median stipend amount is greater than the percent change in CPI for some years but not others. It seems that although many stipends cover the cost of living, the percent change in stipend amounts is not always in pace with this marker of inflation (source). The good news? The 1998 mean intern stipend, adjusted for inflation, still beats the amount one would expect to earn in adjusted dollars for 2012 by nearly $1,500.

The percent change in stipend amounts is not always in pace with this marker of inflation.

Beyond stipends, I decided to look at the trends in practicum hours reported by internship applicants. In particular, I wondered if the internship crisis was leading to greater accumulation of hours by students who desire to appear more competitive. This third chart shows practicum hours of applicants from 2006 to 2012, broken into supervision and assessment/intervention categories:

Practicum Hours

It appears that the trends in supervision and in assessment/intervention hours are similar between the APA mean (blue) and APPIC median (red) hours. If we look at the most recent data, it appears that median hours are increasing over time. Students applied to internships with 18% more intervention/assessment hours in the eight years between 2006 and 2013.

It appears that median hours are increasing over time.

(Sources: Mean practicum hours are reported by APA, though public release of data in this area ceased in 2010. Median hours are reported by the Association of Psychology Postdoctoral and Internship Centers, or APPIC. It is important to note that APA accredits some doctoral and internship programs, almost all of which send students through the APPIC national match. APPIC data report students from accredited and unaccredited doctoral programs vying for accredited and unaccredited internships.)

Any thoughts on the data I presented? Are you surprised by the trends? Do any possible interpretations come to mind? I welcome you to comment on this post!

APAGS on the Road! California: 9/20 and 9/21

APAGS is coming to California in one week to offer a half-day workshop for students and recent psychology graduates.

In sponsorship with the Association of State and Provincial Psychology Boards and The Trust,  we will present sessions to help students and recent grads grapple topics such as:

  • Building a private practice — identifying different types of private practice, discerning what types of practice you might envision for yourself and developing a plan to start that practice.
  • Loan forgiveness — brief overviews of the National Health Service Corps Loan Repayment Program, Federal Public Service Loan Forgiveness Program and NIH Loan Repayment Program.
  • Psychological services in the digital age — applying key ethical principles to evaluate risks, benefits and appropriateness of using electronic communication and social media in professional practice.
  • Preparing for the EPPP — best practices for studying for the licensure exam.

Advance registration is $15 before Sept. 15, 2014. On-site registration is available for $20. Follow these links to register:

See you in California!