Great to ask these questions and research now rather than later. Some solid comments in this thread as well.
Will share my experience and some thoughts:
- Definitely look at APA accredited programs with APA accredited internship consortiums, smaller cohort size is also a plus. Also research the faculty a bit, you ideally want some professors who are actively practicing in the field. And as both research and specialization become more prevalent, see if any professors have specialities/interests in areas you also might be interested in.
- I entered in Year II as I had a Masters but it's a wash usually cost wise. I had one program offer me "lighter course load" in Year I and another offer me direct entry to Year II cohort. Obviously second option was best in my case.
Time investment question:
Time, work/courseload and expectations as best as I can recall-
*Most programs are year round (with some breaks), mine was 3 semesters a year (Spring, Summer, Fall). It should be noted that coursework/credit hours generally included practicums (so say 15 hours a week coursework, 2-3 hours were the practicum class but the actual practicum was on top of the other hours).
Year I - I entered Year II but from my peers it involved about 12-15 hours a week of coursework, 25 hours or so of homework/reading/assignments, and in Summer semester they had a "clinical experience" therapy practicum of maybe 12 hours a week that led into their Year I . This clinical experience so early isn't super common and usually starts in Year II or III.
Year II - For Year I starters they were in their clinical experience therapy practicum through the Spring Semester. Everyone also had 12-15 hours a week of coursework and 20-25 hours or so of homework/reading/assignments. Year II starters did not have a practicum (as we came in with masters level practicums).
Year III - This and the next year were busiest. Had an assessment practicum for the full year (at the time only required around 12 hours a week BUT in some states requirements have changed and allow practicums to count for licensure post doctoral hours so 15 hours a week is standard) as well as 15 hours a week of coursework, 20-25 hours a week or so of homework/reading/etc including beginning dissertation work (some start earlier). Over some of this year and following year I did a lot of work on my dissertation.
Year IV- Had a clinical therapy practicum for the full year , around 12-15 hours of coursework, 15-20 hours of homework/reading/etc and dissertation work. Also most programs have their required written and oral comprehensive exams in Spring or Summer of this year. Expect to add at least another 10 hours a week for study in month or two leading up to these exams (If you fail them, and some of us do, good programs have a plan in place and timeline to retake them the following Fall semester in Year V).
Year V- Had an optional practicum (although recommended especially if interested in speciality areas). I chose an assessment practicum that was on paper was 15 hours a week but was a time consuming one and I put in around 22-24 hours a week on it. Coursework probably 12 hours a week, maybe 12-15 hours a week homework/reading/etc, maybe 10-12 hours a week on dissertation work. In Fall expect to spend about 10 hours a week for a few weeks on internship applications and prep (our program also did mock interviews and such) and in early Spring set aside time for internship interviews (and associated travel).
Year VI - Internship year. For most the internship is full time and unlike most of the practicums is paid. Programs with consortiums usually allot one day a week to full day didactics/supervision/classroom instruction. So some students may have internships that are 4 days there, 1 day at the school, others may have weekend/evening internship hours as their internship site is outside the consortium and need to accommodate for the didactic day. Also most spend a lot of time on dissertation to get it finished before internship is over. Expect around 50-55 hours a week between internship, didactics, and dissertation, maybe more.
Additional time - Sometimes the dissertation doesn't get done by end of internship OR you didn't match to an internship. Good programs have built this into their timelines (and most allow up to 8 years to complete but don't take that long for your own sanity!). For me I needed a little extra time for dissertation, but the program insured I had the support and resources needed to finish the same calendar year as my internship ended which helped. Good and legitimate programs also do not charge full tuition for this added time and only charge for the credit hours needed for dissertation mentoring/supervision (usually 2-3 credits a semester).
On top of the above most people work part time through some or all of the years. Some also (or) do work study and other funding opportunities to pay for some of the courses. I worked part time maybe 12 hours a week outside of the program and 3 of the years I had work-study (one as a TA/research assistant and 2 as basically a body watching over a computer lab).
Costs:
Most programs are eligible under federal loan programs for certain maximums per year in student loans (much like med school). These amounts are meant to cover tuition/school fees, books, living expenses. Some people take the max (as it's cheaper than running up credit card bills with interest when considering most interest rates on federal loans) to cover living expenses and such. BUT if you can handle more work during school and keep your expenses very low, you can take less out to pay for your education. It's a balance, you don't want to overwork and then fall behind in school or fail out then you've lost money in multiple ways. At same time always good to reduce your money owed in debt where you can. And do NOT take private loans out for grad schools. Federal loans offer maximums that will cover at the minimum the full tuition cost at much better rates and much better repayment plans. If the school isn't eligible for federal loans or offers a very low yearly max that barely covers it through federal loans (or a very high max that is more than one would reasonably need for basic living expenses + tuition)....red flag.
Earnings question - I've never met anyone who stayed in the field after school making less than when in school. For reference I got $0 for my practicums (one did give appreciation holiday checks though), $24k for my internship year, about $15/hr in work study applied to cost of one course a semester, and maybe $250-300 or so a week from part time work except internship year. Some made more, some less. I'm still finishing up paperwork and such for my license (thanks pandemic!) and still made more than in school for a few years. Offer upon first time license is nearly double that ($70k ish range) and I know colleagues who within 2 years of licensure are making low six figures (mileage may vary based on locale, speciality, and job choice). I also know some who choose to work part time and still earn more than the average national household income.
Important considerations:
- Avoid diploma mill, low reputation programs (both PhD and Psyd). Typical examples include: Alliant, Argosy, Walden. While some "may" be APA accredited they tend to have very large cohorts (for reference a good PsyD cohort size is under 20 and some would say even less than that) of 80+ students per cohort, and high price tags (often charging a full yearly tuition regardless of course load until graduation).
- Consider programs with speciality areas if of interest to you. Despite what another comment here said, good, legitimate programs do not "extend" the length of time spent in the program if you choose to take an additional few courses for a speciality or certificate acknowledgement for said speciality. They're built into the timeline.
- Look for programs with high EPPP pass rates, high internship placement rates, and high rates of licensure. This speaks volumes about the quality of the program. Sure programs have a vested interest to ensure you do well and reach the end goal of licensure, but this also means they put a lot into making sure you succeed in the first place. And love it or hate it, quality and reputation of a program matters when looking for your internship, post doc, first job. There's a certain level of high standards that good programs maintain and as that remains consistent, practices, employers, agencies start to keep coming back looking for those grads. Especially if they have had practicum students and interns from there in the past with a good experience on both sides. This may be regional depending on size and reach of the school. The connections and networking from quality programs is worth a lot.
- Ask yourself can you do what you may want to do with a Masters? I definitely have a lot more flexibility in what I can do, where I can work, and what services I can offer with a PsyD. But frankly if your main interest is doing therapy, an Masters in Social Work (with a goal of LCSW) or Masters in Clinical and Counseling (with a goal of MFT or LPC) would be sufficient. Some jobs don't even require licensure (but very specific to certain types of agencies and work).