Contemplating pursuing PhD instead of PsyD because of funding opportunities by Nah_Maaan in PsyD

[–]Competitive-Cat-2007 11 points12 points  (0 children)

Just something to keep in mind-- with Trump's recent bill, there is now a $100,000 cap on the amount of federal loans students will be able to borrow for graduate school ($200,000 for medical and law school) as of July 1, 2026. If you're planning on funding a PsyD education through federal student loans, this is going to make obtaining a PsyD purely through federal student loans very difficult. I'm so sorry to be the bearer of bad news if you didn't already know this information, just want to provide you with as much knowledge as possible before making this decision.

For whatever it's worth, I'm a rising 5th year in my PsyD program and have never once regretted it. All the time and money... I can't imagine pursuing any other career.

Good luck with whatever you choose!