Just wanted to add some points to the discussion:
I agree with a post by Ollie123, I am not really having a very touch time as a graduate student as well and things are not as difficult as graduate reference or tip books say including what other's say. Every graduate school experience is different and we should probably keep in mind that the intensity or lack thereof of a program, is probably due to the individual, the individual's lifestyle, etc.
Living as a graduate student isn't always easy, there are definitely times when things are hard and a bit discouraging (like most of life). But for the most part, living as a graduate student if you spend wisely (use coupons and catch sales), purchase fuel economy cars (such as small Fords), spend less at Starbucks and other resturants, and be willing to spend less than $600 a month, you will be just fine.
As far as the difficulty of juggling life and graduate school in psychology, my experience so far is rather easy and more easy than I expected. A full-time student in my program takes only 3-4 classes. Most of my week is free for studying or working. We meet only once a week for 3hrs and sometimes for 2hrs. It is rather smooth sailing, especially as long as you are willing to study and stay up on your work. The only thing I can see really impeding a smooth sailing graduate school career is money. Sometimes assistantships or fellowships do not come in, causing you to borrow more, call grandma, or work more hours off-campus.
Otherwise, I think some of the media's reports and even the commenters statements on post-graduate school finances are perhaps a bit overexaggerated. $3,300 a month certainly is not bad especially if you save and spend less (even after taxes). Loans may take most of your money, but who really needs cable, to pay high rent or mortgage, coffee every morning from Starbucks, or to shop for Raph Lauren clothing? Thrift stores, home bought coffee, living with parents, siblings, or trusted friends (that is, until you can afford to live alone), and utilizing DVD's, the radio, or the internet instead of cable can work just fine!
You can go to the Bureau of Labor Statistics at:
http://www.bls.gov/oco/ocos056.htm for information on salary by field and state. Some states such as Pennsylvania pay psychologists or professonal licensed counselors less per hour than states such as Ohio. If you ask me...$36,00 really isn't that bad either. I assume one would have to just get use to spending less and spending wisely. If you purchase only the essentials, you can still have a good amount left to save and build on.
The internship process can be made easy if you do your research ahead of time using graduate school reference guides. I found it easy to search for potential practicum and internship sites a year or few months before I needed to apply. When the time came, I was able to choose one site out of say 10 different sites I had pre-searched.
Staying up on things and doing much research about the internship process should make things go more easy. This is really the least of our troubles!!!
Here are a few books that might be of help:
Insider's Guide to Graduate Programs in Clinical and Counseling Psychology: 2008/2009 Edition (Insider's Guide to Graduate Programs in Clinical Psychology) - Paperback by John C. Norcross Phd, PhD Michael A. Sayette PhD, and Tracy J. Mayne PhD
The Complete Guide to Graduate School Admission: Psychology, Counseling, and Related Professions - Paperback (Mar 1, 2000) by Patricia Keith-Spiegel and Michael W. Wiederman
Life After Psychology Graduate School: Insider's Advice from New Psychologists - Paperback (May 1, 2004) by Robert D. Morgan