I am in an accelerated program now too. I wouldn't do it any other way. Exchanging summer / winter breaks for a year of work and life is a good deal to me. Plus, my tuition is slightly lower than my traditional counterparts AND I only had to get student loans for one year of living expenses.
There are a lot of people in my program with psych degrees. In fact, it might even be the most common major that is in my program. (It wasn't my major though)