Sage-Tips

How much do you spend on therapy per year?

Therapists typically recommend meeting weekly, so based on these estimates, you’d be looking at a minimum out-of-pocket cost of $3,200 per year.

How much debt do clinical psychologists have?

Racking up debt PsyDs have the most debt, according to the survey. The median debt that PsyDs take on in graduate school is $120,000, while the median debt for psychology PhD students is $50,000.

What is the average payment for a therapist?

Typical therapist salaries range widely – from $30,000 to $100,000. For a therapist (who is not a psychiatrist or a psychologist), salaries depend in part on education and training, as well as clinical specialization. Individual therapists may make anywhere from $30,000 per year to over $100,000.

How much does it cost for a PhD in psychology?

The Average Cost of a Psychology Degree For example, the leading graduate psychology programs in the nation, as ranked by the U.S. News & World Report in 2013, range in annual tuition costs from $10,000+ (residents) to $35,000 (non-residents) for public schools; and roughly $40,000+ for private institutions.

How much should you budget for therapy?

Unlike a $10 to $30 insurance co-pay, many therapists charge between $65 and $150 per session. In most areas, the cost of therapy is about $100 to $200. In expensive cities, like San Francisco, Los Angeles, and New York, however, therapy can cost as much as $200 per session or more.

Is becoming a therapist worth the debt?

Is mental health counselor income worth the student debt? From a purely financial perspective, investing in becoming a mental health counselor is not worth the cost. The average college graduate makes about the same or more money as a mental health counselor.

Is psychology worth the debt?

While you pursue a psychology degree, you could rack up major student debt. According to a recent study by the American Psychological Association (APA), the median student loan debt for current psychology students is $110,000. For students pursuing a Psy. D.

Can psychologists make a lot of money?

There is tremendous diversity among psychology professions, and salaries and yearling earning are just as varied. In a struggling economy, many students have turned their interest toward some of the highest paying careers in psychology. The highest paying psychologist career salaries average up to $167,000.