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- Jul 2, 2007
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Good point and it's good to see someone mention scholarships.
However, please don't fail to mention how far in debt you are 4 years in, including living expenses. 7.5k (averaging) for 4 years is not much against 180k in tuition and bad job prospects...that is if it's a non-uni program. Hopefully you'll get a 20k per year internship, problem is almost 75% of that will go toward paying the interest on those loans and making the minimum payment because you will no longer be a full-time student.
Scholarships are great, but by their very nature, few get them.
This is not a "some" but "many" argument. For unfunded programs it's an "virtually all" and "this guy I know" argument.
Absolutely true that non-university Psy.D. programs typically result in huge debt. However, I'm emphasizing taking it on a case-by-case basis (Just as is the case with practicing clinical psychology - while it's essential to have an understanding of generalizations about theory/intervention, it's also vital to look at the person you are working with individually as well. Both are equally important). Having zero undergrad debt + slight reduction in Psy.D. debt + 10-year LRP really is not a huge deal, to me at least. I'm also someone who will not have a family to support, and am choosing a career path within the field that tends to pay better. Again, case-by-case basis.
For those who choose to go the unfunded route with little to no scholarships and no LRP - as long as they are well-educated on loans and repayment (which admittedly, many are not - and I appreciate your desire to do your part in educating) - I have no qualms with them making their choice. Not everyone needs or desires to have families, or bigger bank accounts. Some people are happy with getting by relatively comfortably and doing what they are passionate about. I completely understand if some people would freak at the idea of large loan repayments for 30+ years, but that's why you didn't choose that route. Other people are different.
And Psych2011, you're right. Sorry for being a part of getting this thread off track. Back to application discussion, and best of luck to all who are applying!