All students admitted in the program are offered a financial support package, consisting of $24,000 ($20,000 academic year and $4,000 summer) stipend for twelve months plus full tuition and individual health insurance coverage for 5 years pending satisfactory progress in the program. Many students also receive additional financial support from grants and other sources during the summer months.
The Department of Psychology provides a combination of Fellowship and Assistantship awards to successful applicants. All graduate students are expected to serve as a Graduate Teaching Asisstants on at least 4 semesters before they graduate. Graduate Teaching Assistantships provide $5000 of the total stipend per term. Students are assigned as instructors in laboratory sections, or as discussion leaders or graders in lecture courses. Graduate Research Assistantships of $5000 to $10,000 are available to students who may have skills appropriate for a particular, funded research project. The remainder of the annual stipend is provided as Fellowships from the Graduate School of Arts and Sciences. There is an April 15 deadline for acceptance of all offers of financial aid made before that date.
Fellowships for graduate study are also available from various government agencies, such as the National Institute of Mental Health and National Science Foundation, as well as from private foundations and associations. Several psychology graduate students have received these awards in recent years.
Loans and part-time jobs are available to graduate students based on need. The Office of Financial Aid processes applications for guaranteed student loans. The Guaranteed Student Loan deadline is March 31. Part-time jobs on research projects are available to students eligible for work-study. Applications for work-study eligibility are due March 31. Loan and work-study applications may be obtained by writing to the Office of Financial Aid, University of Virginia, Charlottesville, Virginia 22903. Prospective students may apply for these awards before being accepted to the graduate program.
Several clinical and community graduate students are partially supported by field placements in community settings and internship training in the University of Virginia Hospital and other agencies which have an affiliation with the Department. These, however, are nearly always reserved for advanced graduate students.