The Navy also provides aspiring psychologists some great ways to pay for their education. They offer several financial assistance and continuing education programs for graduate level psychology students.
Active servicemen can take advantage of the Navy Health Professions Scholarship Program (HPSP) which pays for 100% of tuition for eligible clinical psychology programs and provides students with a living expenses stipend of over $2,000 for up to 3 years.
The Navy also offers the Navy Health Professions Loan Repayment Program (HPLRP) which in essence pays students up to $80,000 to help repay graduate student loans. To participate in this program you must serve as an Active Duty Medical Service Corps Officer for each year you receive the loan payment.
Another perk is that the Navy will pay for your board certification (a key milestone for most clinical psychologists) upon successful completion of graduate studies in psychology.