I just want to make sure I make the best choice.
Marywood stats are better. Lower cohort size (though similar attrition rates of between 10-20%). 74% EPPP pass rate which does not really gel with the reported 95% licensure rate of grads from the last 2-10 year- suggesting that students need to take the EPPP several times to eventually pass. Better than Immaculata, but still associated with high opportunity costs in that it delays your ability to make a doctorate level income. Modal time to completion is 5 years, but a lot take six, so that's the number you should use for for future planning purposes. Costs about 35k per year, so total 5 year program tuition costs are 175k (may be more, as it takes many 6 years, but I'm guessing sixth year is not as expensive). They also offer some partial tuition remission for first years, so factor that in. Assuming you have a BA and are employable, figure opportunity costs in terms of 5 years BA level salary of 100k (20K per year)- which assumes you will have some paid practicum and internship along the way. If you have to finance, say, half of the tuition with student loans at current ~7% interest, you'd be looking at monthly loan payments of ~$1000/ month for a 10 year repayment (total of 121k repaid) or ~$700/month for 20 years (total of 163K repaid). These numbers go up if you have undergrad loans, and they also assume you have access to $87,5000 to cover the other half of tuition, plus more to cover five+ years of living expenses).
Now let's say you are actually able to graduate, get licensure, and get a job. If that job were to pay you $100,000 a year (hint- it probably won't just out of grad school. We wouldn't pay you that coming from one of these schools when-if we really needed to- we could find a placeholder minimally incompetent psychologist from the local FSPS who would do the job for 75k because they are desperate to get some cash to pay their big loans and their share of the rent for their 1/6th of a crappy apartment in Somerville) after payroll taxes and medical/dental/vision deductions, you'd bring home a net of $5000 a month. That leaves 4k for rent/mortage (Hah! you kids will never be able to buy a house- my parents generation made sure of that!), car payments, phone, streaming services, utilities, that does not leave a lot of having fun money. You still would be living better than most people in this world, but not likely any better that those who got a clinical masters (with it's lower tuition and opportunity costs and potential for 60-80K+ salary if you play it right) or those who maximize their bachelors degree. If you pick that 20 year repayment plan, you might find that sometime during your loan repayment you have kid or two who want to go to a good university or small liberal arts college. Today, that would cost you- out of pocket- 35K. You'd still be paying 12K a year for your college while having to pay for theirs (or perpetuate the cycle of being held hostage by large educational loan debt. You haven't even begun to contribute to retirement, which sucks because you probably won't have a pension and social security will be have died as the result of it being turned into some voucher-based ponzi scheme).
Obviously, the decision is yours. I know you want us to commit to one of these two options. Ok- Marywood is probably a better option. Just know what that actually means for the future, financially speaking. Also know that there are other options, such as clinical masters programs (e.g., MSWs or BCBAs) which are much less expense, get you working faster (often doing similar work to what a generalist psychologist from a not-so-good doctoral program (and programs such as these two- one of which has faculty who got their degree from Capella!- fall into that general category), and at similar early careers salaries as psychologist (though admittedly lower ceilings). You could also do something else (investing in yourself) to make it more likely that better options will be available in the future.
I try really hard not to be a hypocrite with this type of thing. My daughter was recently in a similar situation of having to decide on clinical grad school options. After doing all the math looking at different future career options, she enrolled in an MSW program at a local state school. She gets to work half-time for pay and accrue her clinical licensure hours at practicum during the day, with courses at night. She'll graduate in two years, get licensed in 3, and (with her pretty impressive planning organizational skills- much better than mine!), she'll end up with a likely combination of school-based counseling job and small private practice, making in that 80-100K plus range within a few years (all while suckering me to let her live at home and eat my food in the meantime!).
As another option, if you actually have the level of wealth where you would not need to finance any of that tuition (there are always those who say that money is not an issue for them, and of those it's probably actually true for some of them), invest it. At average annual stock market returns of 6.7% and with additional contributions of $100 per month, you double that number in about 11 years. Some of that money inevitably find it's way into the hands of private equity fiends who would make it less likely that you would be able make a living as a psychologist, but that's a topic for a whole other thread!
To expand on an analogy used above, this choice is like choosing between getting kicked in the really hard or getting kicked in the groin less hard, but still really hard! There may be situations when the latter is a better option, but I don't think this is one of them. I know that it sucks- the field, my company, and me all need a lot more really good psychologists. This path to that is just, imho, way too risky.
