Psychology doctoral and master's programs differ considerably in the amount of funding students can get to help them get through. Here are some statistics:
Students who receive any program-awarded funding:
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43 percent of students in master's programs.
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80 percent to 100 percent of students in PhD programs.
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14 percent to 40 percent of students in PsyD programs.
Students who receive full funding (tuition waiver plus a stipend):
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Less than 10 percent of students in master's programs.
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1 percent to 10 percent of students in PsyD programs.
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60 percent to 90 percent of students in PhD programs.
Source: Norcross, J.C., Ellis, J.L., & Sayette, M.A. Getting in and getting money: A comparative analysis of admission standards, acceptance rates, and financial assistance across the research-practice continuum in clinical psychology programs. Training and Education in Professional Psychology (in press).