Psy.D. Program Tuition & Financial Aid

Tuition

Tuition for the 2013-2014 academic year is $29,850 for students enrolled in the first three years of the program. Tuition is payable at the rate of $11,193.75 for the 13-week Fall trimester, $11,193.75 for the 13-week Winter trimester, and $7,462.50 for the ten-week Spring trimester.

Students who have completed three years (nine trimesters) of full-time study move into reduced tuition status,
with payment set for the 2013-2014 academic year at $10,925 per year: $4,096.88 for the Fall trimester; $4,096.88 for the Winter trimester, and $2,731.24 for the Spring trimester.

  Fall Winter Spring Full Year
Year 1 - 3 $11,193.75 $11,193.75 $7,462.50 $29,850
Reduced tuition status $4,096.88 $4,096.88 $2,731.24 $10,925

A student who has completed all academic requirements including the Dissertation and who is only doing an internship, pays a registration fee which is calculated for the 2013-2014 academic year at $4,150 per year: $1,556.25 for the Fall trimester; $1,556.25 for the Winter trimester, and $1,037.50 for the Spring trimester.

Tuition or registration fee is due approximately 30 days before the first day of classes of each trimester. Regardless of prior background, degree, training, or experience, all students must be enrolled for nine trimesters (three academic years) before beginning internship.

Financial Aid

You have many important decisions to make at this time, and one of those decisions is how you will finance your education. Higher education is an important investment in your future career. Be sure to review your options and determine what the best choice is for you.

There are two types of federal student loans available to graduate students through the William D. Ford Direct Loan Program administered by the U.S. Department of Education. The two programs are:

  • Direct Unsubsidized Loan and
  • Direct Graduate PLUS Loan

Federal student loans are intended to help students pay for the cost of their education, including living expenses. Eligible students borrow directly from the U.S. Department of Education. The funds are transmitted to the Institute and posted to the student's account. The federal government sets the interest rate for the Unsubsidized and Graduate PLUS loans. Detailed information about the current interest rates can be found at the Department of Education's Federal Student Aid Office here: http://studentaid.ed.gov/About/announcements/interest-rate.

To determine eligibility, all students interested in any financial aid program must complete a form each academic year called the FAFSA (Free Application for Federal Student Aid) available online at http://www.fafsa.ed.gov.

In addition to the FAFSA, students complete forms for the school. Click here to view the Wright Institute FINANCIAL AID FORMS and instructions.

Direct Unsubsidized Loans:
The interest starts accruing from the time the loan is disbursed. You can choose to pay the interest while you are in school or let it accrue and be capitalized. Capitalizing the interest will increase the amount you have to repay.

Direct Graduate PLUS Loan:
In addition to the Unsubsidized Loan, the Department of Education offers a Direct Federal Graduate PLUS loan. This loan can be borrowed to cover additional educational and living expenses.

The Graduate PLUS loan is subject to credit approval by the Department of Education and interest starts accruing after the first disbursement of the loan.

Perkins Loan:
This is a low-interest (5%) loan for students with exceptional financial need. Federal Perkins loans are made through the Financial Aid Office. The Wright Institute is the lender and the loan is funded by the government. These funds are limited and subject to availability.

Federal Work-Study Program:
Although work-study is not a loan, it is also a Federal Financial Aid program. FWS provides financial assistance through employment at the Wright Institute and other approved nonprofit agencies. Student wages are paid by the federal funds which are matched by the employer. Per federal regulations, students who are awarded FWS are limited to an average of twenty hours per week during the academic year and forty hours per week during approved periods when classes are not in session. In practice, students generally work on average between five and eight hours per week. The amount of FWS offered reflects both financial need and a reasonable projection of possible earnings at a rate of pay commensurate with the student's skills and experience. These funds are also limited by availability.

The Wright Institute Scholarship:
The Wright Institute is proud to offer its own scholarship to students with financial need as determined by FAFSA and the school's budget. All students are encouraged to apply. The Wright Scholarship is awarded at the end of a year and the link to application as well as hard copies of application will become available around that time.

For additional information on Federal Student Loans please visit: www.studentaid.ed.gov

Some Scholarship Information:

www.apa.org
www.scholarships.com
www.finaidfacts.org
www.fastweb.com
www.freecollegescholarships.net
www.aauw.org
www.awis.org (fellowship)
www.chicanalatina.org

Loan Information Websites:

www.nslds.ed.gov - click on Financial Aid Review (log-in with 4 digit FAFSA pin)
www.studentaid.ed.gov
www.loanconsolidation.ed.gov

Loan information for international students:
www.internationalstudentloan.com