5 Ways to Finance Your Masters in Clinical Psychology Degree

A Masters in Clinical Psychology is a very expensive investment. You have to look into all the available ways to pay for your education. New areas in the field of psychology have opened up in the last several years, offering a wide array of options in specialization for psychology students that were never available before. The job market for qualified psychologists, especially those in specialized fields of practice, is anticipated to grow rapidly. What your degree will cost depends on the school you enroll in and the program you choose. Most students don't have Careful research into all funding sources is a necessity. Here are five different ways to pay for your Masters in Clinical Psychology degree.

  1. Scholarships - A degree can be funded totally or partially by a scholarship. A scholarship is an effective way to pay for the Clinical Psychology Masters. Scholarships are very competitive, and there's no guarantee that you'll be awarded the funding. However it's not as difficult as some people claim, and the money is available if you search for it. Most funding sources are from colleges and universities that include the program of study in their coursework. Sources for scholarship money come from government and non-government sources, charities, and private foundations.
  2. Grants - Grants are available from private sources, as well as state and federal agencies. Some are available to minorities, women, or other specific groups of students. Students may be awarded grants based on financial need. Grants may also be awarded to students entering a Masters program if they've demonstrated academic excellence in their specialized field and want to earn a Master of Psychology. Funding may be awarded based on interest in specific areas of specialization. Find out about research projects or upcoming projects that you could be qualified to participate in. Contact professors in the department. They often know of sources for grants that aren't widely advertised by the university. Take the time to do your research and you can partially or entirely pay for your degree.
  3. Working While Attending School - With an undergraduate degree in psychology, you have options available while you're enrolled in your Masters in Clinical Psychology program. Among the career options are to pursue while going to school on a part-time basis, are careers in selling and sales, marketing, personnel, education and criminal justice. Graduates may work in careers which require them to use skills they obtained. If you plan to stay in school full-time, you may be able to work in some capacity at the school. Some schools hire students to work in an office or the campus library. You could earn a paycheck, but in some cases, your wages are applied toward tuition.
  4. Student Loans - This is the only option for some students. You can search for loans that have the best repayment terms. In some cases, when you agree to work for a medical facility for a specified period of time, an automatic repayment of your student loan is offered as part of the sign on package. The U.S. Department of Education website has all the information regarding Federal Student Aid. One of the best ways to pay for your college education with a loan is to search online for the lowest rates from a variety of different lenders before making a decision.
  5. Student Transfers - Transferring earned credits from a less expensive school is a good option. You can enroll and take most of your coursework at a community college, or begin your program for a Clinical Psychology Masters online. Credits in general education are considerably cheaper online. When you begin your Masters, you can transfer the earned credits. In addition to community or previous colleges, transfer credit could include credit for exams, military training, or work-related training. Every college has its own requirements about earned credits. The evaluation process varies considerably from one school to another. The admissions office at the college generally makes the determination about the credits it will accept.

These are just some of the options available to finance your Masters Degree. Careful planning in advance will ensure that you're able to pay for the program and embark on a rewarding career. Search all the possible options for funding before you enroll.


Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More


    See More



    Please enter valid US or Canada Zip.
            Results open in new window

            Searching Searching ...

            Matching School Ads
            M.A. Clinical Psychology, Marital and Family Therapy Specialization
            • Designated a 2015 Military Friendly School by Victory Media for the 4th consecutive year.
            • Listed on the President’s Higher Education Community Service Honor Roll in 2013, for the sixth consecutive year.
            • Links students to hundreds of training opportunities ( beyond their traditional internships and practicum) at their many “partner agencies” in each of their local communities. 
            • Accredited by the Western Association of Schools and Colleges (WASC).
            Show more [+]
            • Financial Aid
            Master of Science in Applied Psychology - Community Psychology
            • SJU provides a rigorous, student-centered education rooted in the liberal arts
            • A Jesuit school with 8,415 students in all programs for 2016 grads &undergrads
            • Institutionally Accredited by the MSCHE and the AACSB (Haub School of Business)
            • 96% of 2016 graduates employed, pursuing graduate study or volunteering full time
            • Qualifying students can receive financial assistance with tuition costs
            Show more [+]
            • Online Courses
            Clinical Leadership Certificate

            Saint Xavier University education that is grounded in the tradition of liberal arts. SXU offers graduate and post-graduate programs that are recognized and respected by employers and delivered by professional faculty who are experts in their fields. 

            • Online Courses
            M.S. in Psychology with an Emphasis in Forensic Psychology
            • Why Earn Your Degree from GCU?
            • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
            • Convenience: Complete courses online, on campus, or a combination of both!
            • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
            • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
            • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
            • Accredited
            • Online Courses
            • Flexible Scheduling
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits
            M.A. Psychology
            • Several institutional scholarship opportunities are available to students who qualify.
            • Features several learning model options, including online, residency, and hybrid options.
            • Offers graduate degree programs in organizational leadership, mind-body medicine, psychology and human science.
            • Accredited by the WASC Senior College and University Commission (WUSCUC).
            • Two teaching locations in Seattle, Washington with the university headquarters located in Oakland, California.
            • Online Courses
            Applied Psychology: Developmental Psychology
            • • Liberty University’s online programs ranked in the top 10 out of more than 2,100 colleges & universities for academic quality, affordability, and accessibility.*
            • 100% online programs at associate, bachelor’s, master’s, and doctoral level.**
            • Transfer up to 90 credits into an undergraduate degree program.
            • Up to 50% of your master’s degree can be transferred in to help you get the most out of your hard work and maximize the credit you previously earned.
            • *BestColleges.com Gold Medal of Distinction
            • **excludes licensure, certification, and some doctoral programs
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits
            MA Clinical Mental Health Counseling

            Inspired by the pioneering work of 19th-century educator and former Antioch President Horace Mann, Antioch University offers higher education that acknowledges the common good, prizes hands-on learning, and is inspired by a diverse academic community. We seek to instill in our students the knowledge and self-awareness to become lifelong learners, compassionate leaders, and world citizens.

            • Online Courses
            Online Master of Science in Applied Psychology
            • Ranked 25th among the Best National Universities in 2015 by U.S. News & World Report.
            • One of the world’s leading private research universities.
            • Its student-faculty ratio is 9:1, and 56.8% of its classes have fewer than 20 students.
            • Has an average freshman retention rate, an indicator of student satisfaction, of 96.8 percent.
            • Dedicated to a strong tradition of integrating liberal and professional education since 1880.
            • Its faculty includes National Academy members, Nobel Laureates, MacArthur Fellows, and more.
            Show more [+]
            • Online Courses
            Applied Behavior Analysis Certificate

            George Mason University is Virginia's largest public research university. Located near Washington, D.C., Mason enrolls more than 33,000 students from 130 countries and all 50 states. Mason has grown rapidly over the past half-century and is recognized for its innovation and entrepreneurship, remarkable diversity, and commitment to accessibility.  George Mason University is an innovative and inclusive academic community committed to creating a more just, free, and prosperous world. 


            • Online Courses
            MBA - Organizational Development and Human Resource Management
            • A Master of Business Administration with an Emphasis in Healthcare Management and Leadership is designed to prepare students for careers in the fields of managed care supervision
            • , patient care management, healthcare services manager, regulatory analysis, and resource specialists.
            • An MBA from California Intercontinental University is designed to prepare students for today's most in demand industries.
            • Tailor your graduate studies around one of our several MBA programs, including Banking & Finance, International Management & Marketing, Project Management and more!
            • A Master of Business Administration with an Emphasis in Information Systems and Knowledge Management is designed to prepare students for careers in the fields
            • of configuration management, server administration, knowledge management specialist, business systems analysis, and control systems management.
            • Online Courses
            • Financial Aid
            • Transferable Credits