Top Psychology Scholarships to Apply for This Year

According to the American Psychology Association (APA), in 2013, almost 90% of PsyD (doctorate of psychology) graduate students were in debt upon graduating from school, and over 60% of Ph.D. (psychology doctoral students) were graduate students. This places psychology graduate students at the top of most graduate student debt.

Given the pressing need for financial aid among psychology students, understanding where and how to find relevant scholarships is key. Scholarships specifically tailored for psychology students not only alleviate debt but also provide them with more freedom to pursue their studies without the looming worry of financial instability post-graduation.

To identify the best resource for these scholarships, we conducted a detailed review of scholarship platforms, assessing their effectiveness and suitability for psychology students. Our methodology included evaluating the range and specificity of psychology-related scholarships listed and analyzing the platform’s user accessibility and overall experience. Our research found that Bold.org stands out for its array of scholarships tailored specifically to the needs of psychology students at both undergraduate and graduate levels. To assist psychology students in beginning their scholarship search, we have compiled a list of available scholarships. Take a look below.

Achieve your dreams in psychology—apply for scholarships now and reduce the burden of college expenses.

Psychology Degree Job Wages vs. Loan Debt

A degree in psychology can lead to a variety of career paths, from clinical psychology to research and counseling. While the potential for meaningful and impactful work is high, so can the educational expenses associated with obtaining the necessary degrees. At the bachelor’s degree level, psychology majors roughly have over $30,000 in student loan debt. Meanwhile, the average salary for entry-level psychology majors is a little over $92,000.

Typically, the wages in the field of psychology vary widely based on the level of education, specialization, and geographic location. Balancing potential wages against student loan debt is crucial; scholarships can play a key role in minimizing debt and enhancing financial freedom post-graduation.

College students looking to attend graduate school or further their research interests will find scholarship opportunities and grants as well as fellowships to help them with their degree costs. Browse financial aid opportunities to support your education.

Types of Scholarships for Psychology Majors Pursuing Careers

Psychology students have access to a range of scholarship opportunities tailored to support their specific career goals:

• Merit-Based Scholarships: Awarded based on academic achievement or potential in the field of psychology.
• Need-Based Scholarships: Aimed at students who demonstrate financial need.
• Research Scholarships: For those who wish to pursue research in specific areas of psychology.
• Scholarships for Underrepresented Groups: Designed to support diversity within the field, including scholarships for minorities or women entering specific psychology disciplines.

Where to Find Psychology Scholarships

Locating scholarships for psychology majors involves tapping into a variety of resources, each offering unique opportunities tailored to different aspects of the field:

• University Financial Aid Offices: Check with the financial aid office at your institution for scholarships specifically for psychology majors.
• Professional Psychology Organizations: Groups such as the American Psychological Association (APA) and the American Psychological Society (APS) offer scholarships, grants, and fellowships for undergraduate and graduate students.
• Scholarship Databases: Websites like Bold.org allow you to filter scholarships by field of study, including psychology.
• Community Foundations and Local Businesses: Often offer scholarships based on residency, field of study, or community involvement, which can include psychology.
• Psychology Departments: Some university psychology departments have scholarships available only to their students, so it’s worth checking directly with your department.

How to Apply for Psychology Scholarships

Applying for psychology scholarships requires careful preparation and attention to detail to enhance your chances of success:

1. Gather Documentation: Before you start applying, collect all necessary documents, such as transcripts, standardized test scores, and proof of enrollment in a psychology program.
2. Research and Select Scholarships: Identify scholarships that match your academic profile, career goals, and financial needs. Prioritize those where your qualifications align closely with the scholarship criteria.
3. Prepare Your Application Materials: Many scholarships require essays, personal statements, and letters of recommendation. Tailor each of these to highlight your commitment to psychology, your academic achievements, and your career aspirations.
4. Follow Application Instructions Carefully: Each scholarship may have different requirements and submission guidelines. Ensure you follow these exactly to avoid disqualification.
5. Submit Before Deadlines: Keep track of all application deadlines in a planner or calendar to ensure timely submission of all materials.

Undergraduate psychology scholarships can help you pay for your bachelor’s degree. Apply today and start saving on college costs.

Tips for Winning Scholarships for Psychology Majors

• Highlight Your Passion for Psychology: Use your application essays to convey your genuine interest and commitment to the field.
• Showcase Your Academic and Research Achievements: Emphasize any relevant coursework, projects, or research experiences.
• Get Strong Letters of Recommendation: Seek recommendations from faculty who can attest to your potential and dedication to psychology.
• Apply Broadly: Don’t limit your applications; apply for multiple scholarships to increase your chances of winning.

Requirements for Scholarships for Psychology Majors

Each scholarship may have its own set of requirements, but common ones include:

• Academic Excellence: A strong GPA and academic record in psychology courses.
• Commitment to the Field: Demonstrated through volunteer work, internships, or research.
• Personal Statements or Essays: Often required to understand the applicant’s dedication and goals in psychology.
• Letters of Recommendation: Typically from academic advisors, professors, or professional mentors in the field.

Graduate psychology students should apply specifically for graduate psychology scholarships, among other opportunities, to help them pay for their degree. Psychology graduate students travel for their program of study, and scholarships can help with these expenses. Apply today!

Frequently Asked Questions About Psychology Scholarships

How Many Psychology Scholarships Can You Get?

As many as there are available, there is no limit to the amount of psychology or mental disability scholarships you can apply for or accept. Be sure to check the eligibility criteria to ensure you’re a match for the scholarships you apply for.

What’s the Best Way to Apply for Psychology Scholarships?

By checking the requirements for the scholarship and making sure that you have the best essays, do your research on who is funding the scholarship. If the person sponsoring the scholarship has specific preferences in who they give it to, that’s also something to account for.

Can Non-Psychology Majors Apply for Psychology Scholarships?

Generally, psychology scholarships are reserved for students enrolled in or planning to enroll in psychology programs, though some scholarships might be available for related fields.

Are There Scholarships for Graduate Psychology Studies?

Yes, there are many scholarships specifically aimed at graduate students in psychology, reflecting the need for advanced funding for those pursuing master’s and doctoral degrees.

How Competitive Are Psychology Scholarships?

The competitiveness can vary depending on the scholarship’s scope, funding level, and eligibility criteria. Scholarships aimed at narrower fields of study or specific populations may have less competition.

What Can Improve My Chances of Receiving a Psychology Scholarship?

Maintaining a strong academic record, engaging in psychology-related activities, and applying for multiple scholarships can all improve your chances of receiving financial support in the form of scholarships.

Do you demonstrate financial need? Maybe you demonstrate academic achievement. Regardless of your background, high school students, undergraduate, and graduate students can benefit from financial aid. Apply for scholarships today.