• SDN Site Updates

    Hey everyone! The site will be down for approximately 2 hours on Thursday, August 5th for site updates.

dcc777

Full Member
Jan 27, 2012
71
0
Status (Visible)
  1. Psychology Student
Hi SDNers,

I have two questions that pertain to money. I am beginning a PhD program in clinical psychology in the fall, and here are two things I am wondering:

1. What kind of "hidden fees" can I expect to pay? For example, is there an admissions deposit? Some sort of tuition fee that is not covered in the full tuition remission? Parking permits? It seems unrealistic to believe that I will not have to pay a penny for anything school-related, but I'm not sure what I should be on the lookout for having to pay before/once I begin my program. I've also been told to expect to have to pay taxes on my stipend, is this generally the case in these kinds of programs?

2. Aside from loans, is there another way for a graduate student to get extra money for school? For example, am I able to apply for scholarships as a grad student that will be receiving a stipend?

Sorry if these are sort of "duh" questions, but I really just had to ask because I have no clue. Thanks in advance! :)
 

bunderj

Full Member
7+ Year Member
Oct 15, 2010
176
26
Status (Visible)
Hi SDNers,

I have two questions that pertain to money. I am beginning a PhD program in clinical psychology in the fall, and here are two things I am wondering:

1. What kind of "hidden fees" can I expect to pay? For example, is there an admissions deposit? Some sort of tuition fee that is not covered in the full tuition remission? Parking permits? It seems unrealistic to believe that I will not have to pay a penny for anything school-related, but I'm not sure what I should be on the lookout for having to pay before/once I begin my program. I've also been told to expect to have to pay taxes on my stipend, is this generally the case in these kinds of programs?

2. Aside from loans, is there another way for a graduate student to get extra money for school? For example, am I able to apply for scholarships as a grad student that will be receiving a stipend?

Sorry if these are sort of "duh" questions, but I really just had to ask because I have no clue. Thanks in advance! :)

Congratulations on your admission! I'm in a fully-funded Ph.D. program, but still end up paying about 400 bucks or so a semester for random university fees, technology fees, etc...Also, there are obviously books, etc. to be purchased. Health insurance, if you opt in, is taken out of the stipend (at least for us), and yep...if you want to park close, you pay. Otherwise we get parking tags for free, but the lots aren't so close. As for other ways to get money, a lot of students in our program apply for grants, ranging from small pots of money for direct research costs, to large NSF/NRSA type grants that provide funding.
 

roubs

Full Member
10+ Year Member
Sep 15, 2006
1,084
5
Status (Visible)
  1. Psychologist
It's my understanding that all stipends anywhere are considered taxable income. This shouldn't depend on the school, the only thing that may differ is that some schools may do withholding and some may not.

If your stipend is the typical you won't end up paying much on it when you do your taxes...assuming you don't have a substantial income from a spouse or investments.

Oh and btw you might want to change your profile status away from 'psychologist' if you aren't a psychologist.
 
About the Ads

wigflip

Full Member
Oct 18, 2010
1,548
6
Status (Visible)
Hi SDNers,

I have two questions that pertain to money. I am beginning a PhD program in clinical psychology in the fall, and here are two things I am wondering:

1. What kind of "hidden fees" can I expect to pay? For example, is there an admissions deposit? Some sort of tuition fee that is not covered in the full tuition remission? Parking permits?

In addition to parking, there are several hundred dollars in fees each term at my school (things like "recreation maintenance fee!"). If TAs at your school are unionized, you'll likely have a deduction made from your TA wages, regardless of whether you opt into the union (smaller deduction if you don't join).
 

AcronymAllergy

Neuropsychologist
Volunteer Staff
10+ Year Member
Jan 7, 2010
8,202
3,196
Status (Visible)
  1. Psychologist
It's my understanding that all stipends anywhere are considered taxable income. This shouldn't depend on the school, the only thing that may differ is that some schools may do withholding and some may not.

If your stipend is the typical you won't end up paying much on it when you do your taxes...assuming you don't have a substantial income from a spouse or investments.

Oh and btw you might want to change your profile status away from 'psychologist' if you aren't a psychologist.

Yep, as far as I know, stipends are essentially all taxable. Be careful about this, as there's a chance your university will not withhold the appropriate taxes, so you may need to pay them quarterly to avoid penalties.
 

hockey99

Full Member
5+ Year Member
Jan 11, 2012
81
22
Status (Visible)
  1. MD/PhD Student
One thing you might want to know is when the first stipend deposit should be made. Thankfully, a grad student told me that I wouldn't get mine until the end of september so I can budget accordingly.
 

perhaps11

Full Member
7+ Year Member
Jan 11, 2012
153
194
Status (Visible)
  1. Psychologist
I was actually curious about a related issue - what is the typical pay schedule for stipends? Weekly? Bi-weekly? Monthly? I assume it varies with different universities, but it is still good to get an idea.
 

dcc777

Full Member
Jan 27, 2012
71
0
Status (Visible)
  1. Psychology Student
I was actually curious about a related issue - what is the typical pay schedule for stipends? Weekly? Bi-weekly? Monthly? I assume it varies with different universities, but it is still good to get an idea.

I was told it was bi-weekly, at least for my program.
 

dcc777

Full Member
Jan 27, 2012
71
0
Status (Visible)
  1. Psychology Student
One thing you might want to know is when the first stipend deposit should be made. Thankfully, a grad student told me that I wouldn't get mine until the end of september so I can budget accordingly.

Wow, that would be good to know. Thanks for the tip.
 

AcronymAllergy

Neuropsychologist
Volunteer Staff
10+ Year Member
Jan 7, 2010
8,202
3,196
Status (Visible)
  1. Psychologist
I was actually curious about a related issue - what is the typical pay schedule for stipends? Weekly? Bi-weekly? Monthly? I assume it varies with different universities, but it is still good to get an idea.

Definitely going to vary by university. Ours was monthly. The best way to find out is probably to contact the department secretary and see if he/she knows.
 

123EW

Full Member
7+ Year Member
Jan 23, 2012
115
134
Status (Visible)
So far I know books, health insurance (which is mandatory) and parking. Not sure if fees are covered or not.

Definitely check on the health insurance at your school. Some places it is mandatory, some not. You don't necessarily have to have the plan through my school, but it's a pretty good one so I will go with that.
 

deadmau5

Full Member
10+ Year Member
7+ Year Member
Mar 13, 2009
444
9
Great White North
Status (Visible)
  1. Psychology Student
Nothing really for me. Just keys... $40. One textbook so far.

I'm happy with my pay and health coverage so far.
 
About the Ads
This thread is more than 9 years old.

Your message may be considered spam for the following reasons:

  1. Your new thread title is very short, and likely is unhelpful.
  2. Your reply is very short and likely does not add anything to the thread.
  3. Your reply is very long and likely does not add anything to the thread.
  4. It is very likely that it does not need any further discussion and thus bumping it serves no purpose.
  5. Your message is mostly quotes or spoilers.
  6. Your reply has occurred very quickly after a previous reply and likely does not add anything to the thread.
  7. This thread is locked.