Scholarships for Psychology Students

ASO Staff Writers
by
Updated September 20, 2023
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Psychology Scholarships

Higher education can be expensive, and focusing in the classroom and on coursework is difficult for psychology students stressing over their finances. Students who can take advantage of the many financial aid and scholarship options available in psychology can reduce this stress and make the most of their educational experience. Read on to learn about the scholarships, grants and tuition reimbursement programs available specifically to psychology students, and start reducing the stress that comes with paying tuition.

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Psychology Financial Aid & Scholarships List

Scholarships are an excellent way gather the funds needed for a psychology degree. There are hundreds of scholarships available for psychology students with a wide variety of purposes; some are need-based, some merit-based, and more are a combination of the two styles. The American Psychological Association and psychology honor society Psi Chi are frequent sponsors of scholarships that undergraduate and graduate students can benefit from, but there are also many other scholarship sources to choose from. Explore the lists below.

National Private Financial Aid and Scholarships

Regional Private Financial Aid and Scholarships

General Medical Financial Aid and Scholarships

Pay for School: Additional Aid for Psychology Students

For some students, psychology scholarships alone do not cover the entire cost of earning a degree. There are additional financial aid options, including programs that reimburse psychology students entering medical fields for the cost of their tuition in exchange for service, research grants, federal aid programs and more. No matter what psychology specialization a student chooses, many of the following financial aid options are broad-level to help a variety of psychology students complete their education.

School Payment Plans

Grants

Tuition Reimbursement Programs

Financial Aid & Scholarship Calculator

One of the common challenges of higher education is financing it. However, budgeting can help resolve that challenge by giving an idea of how much financial aid and scholarships will cover and what out-of-pocket financial obligation to expect. Using the calculator below, students can enter estimated tuition costs and other campus fees, and their expected scholarship or financial aid amounts to see their remaining out-of-pocket costs.

[School Cost]

Beyond Financial Aid & Scholarships: Student Loan Forgiveness

Covering the cost of earning a psychology degree isn’t always possible with financial aid and scholarships alone, which is why so many use student loans to help bridge budget gaps. The Institute for College Access and Success reported 69 percent of seniors who graduated from public and non-profit colleges in 2014 had student loan debt. The good news for psychology students is there are many student loan forgiveness programs that can reduce or even eliminate student loan debt. The following programs pay part or all of a student’s loan debt in exchange for service, so students gain career experience practicing psychology while paying down debt.

California State Loan Repayment Program

Who is Eligible?
California medical professionals in designated Health Professional Shortage Areas.

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

College Cost Reduction Act of 2007 / Loan Forgiveness for Public School Employees

Who is Eligible?
Licensed and practicing public school psychologists.

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

Indian Health Service Loan Repayment Program

Who is Eligible?
Licensed members of eligible psychology professions (chemical dependency counseling, clinical psychologists, counselors, counseling psychologists, and social workers) or individuals in final year of training for an eligible profession

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

National Health Service Corps Loan Repayment Program

Who is Eligible?

Fully trained and licensed health care providers working in primary care medical, dental, or mental/behavioral health disciplines

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

National Institutes of Health Extramural Loan Repayment Programs

Who is Eligible?

Researchers not employed by the National Institutes of Health

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

National Institutes of Health Intramural Loan Repayment Programs

Who is Eligible?

Researchers employed by the National Institutes of Health

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

Alaska’s SHARP-I Program Carryover – Behavioral Health Solicitation

Who is Eligible?

Alaskan licensed behavioral health professionals

Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

Texas Loan Repayment Program for Mental Health Professionals

Who is Eligible?

Texan mental health professionals Eligibility Requirements

Service Obligations and Options

Forgiveness Amount

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