Having spoken to my academic advisor regarding the subject matter, I have been assured of the relevance and use of the study. Although funding is a matter of potential trouble, should worse come to worst, the research could be privately funded. The main trouble on our minds is the issue of publishing. How difficult is it to get published as an undergrad student? Obviously, we aren't aiming to be published in Nature, but I would rather not be published in Popular Science. What are my odds? Any advice?
Without a faculty mentor, you are
very unlikely to get this off the ground as a UG. I didn't really see any mention of your proposed topic, so it's hard to say what barriers you'll run into.
If human subjects are being used (esp. if a protected pop. is critical), the IRB will destroy you (it's a matter of liability; even with a faculty mentor, it is extremely difficult to get UG projects past an IRB since if you make a mistake, you're a student and the school takes responsibility as they are responsible for your training and close supervision, whereas at least they can fire faculty on the spot and blame the faculty member's poor judgment -- you can't really blame a student).
As for funding, in psych you need funding. If you have a faculty mentor and a viable project as well as a good GPA and PsiChi membership, PsiChi may offer you a sizable chunk of change ($1500-3000) to help w/ your project. If these are human subjects and you lack the background to write scientifically-valid assessment tools (as a UG, you
certainly lack this), you're going to have to find a qualified psychologist to obtain those tools (and pay for them -- the price is often quite high per administration).
Finally, there is the issue of publications and presentations. Without a faculty mentor, no one is going to take you seriously. You're a UG. You lack a degree. You probably lack prior pubs and so have no voice in the scientific community. You simply need those things to succeed.
Basically, for your first major project, you need to be part of a lab. Once you have a few pubs under your belt and a BS/BA, we can talk about true independent projects (i.e., on your own/without a mentor), but until then you really don't have the tools to set out on your own yet.