Repaying student debt
Featured program: Public service loan forgiveness
In November 2018, APA staff recorded this webinar to assist you in learning the ins and outs of the federal Public Service Loan Forgiveness (PSLF)opens in new window program, a program that encourages individuals to enter and continue to work full-time in the public sector. Under PSLF, any U.S. borrower can potentially qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments under certain repayment plans while employed full-time in qualified employment settings.
You can also download the webinar slides (PDF, 1.5MB)opens in new window and worksheet for federal advocacy (PDF, 700KB)opens in new window. If you are short on time, we’ve boiled the webinar down into a very short animated videoopens in new window that gives you the four key strategies.
Additional loan repayment and forgiveness options
- Department of Education: How to repay your federal student loansopens in new window
- National Institutes of Health Loan Repayment Programopens in new window
A competitive program for scientists conducting nonprofit research outside of NIH and for NIH employee researchers. - National Health Service Corps Loan Repayment Programopens in new window
A competitive program for health service providers who work at approved sites in urban, rural, and tribal areas. You may also be interested in one of more than 30 state-specific loan repayment programsopens in new window for similar work. - Indian Health Service Loan Repayment Programopens in new window
A competitive program for health service provides who work in certain health facilities serving American Indian and Alaska Native communities. - Other loan forgiveness and repayment optionsopens in new window
This large, sorted list may lead to you uncover more ways to reduce your student loan burden by taking on certain kinds of work.
Getting funded
- APA grants and funding compendium
Start here to learn about new and alternative resources for funding, scholarships, grants, and awards to help support your research and further your career. - Featured resources
This page highlights some of the many funding opportunities that APA publishes for early career psychologists and researchers.
Getting in financial shape
- Topic: Paying for graduate school
This go-to APA toolkit offers guidance on several topics. You can read about financial wellness, budgeting and saving, salary negotiation, cost of living in different cities, and so much more. There’s likely a high quality and trustworthy link or two to assist you. - Financial foundations for newer psychologistsopens in new window
Kevin N. Gormley, a certified financial planner, discusses the most imperative financial choices that psychologists can make now to have the greatest chance for financial success in the future. - Financial wellness articles
Keep your financial situation under control: Learn how to save money. Most content is only for APA members.
Debt smarts: Financing your future in psychology
Topics covered include career and financial literacy resources, compiled from APA’s member website, APA Monitor on Psychology, workforce and salary studies, and data tools. Download a copy for freeopens in new window.