Financing your education

Cost of Attendance

Tuition is calculated by credit hours.  For the 2014-2015 academic year:

M.S. Clinical – $907

Psy.D. Clinical – $917

M.S. Clinical Psychology Program Tuition: a total of 65 credit hours over 2 years and 2 summers; externship is in second year.

Direct Expenses:
Fall (13 hours) $11,791
Spring (12 hours) $10,884
Summer (8 hours) $ 7,256
Library fee $330 ($110 per semester)
Lab fee (PSY 608) $130 (per course)
Student activity fee per semester $90 ($30 per semester)
Total direct expenses $30,481

The average master’s student receives $5,000 in institutional aid.

Psy.D. Program Tuition:
 a total of 122 credit hours over 4 years and 3 summers. The fifth year is a full-time internship that offers a stipend (varies by site).

Direct Expenses:
Fall (13 hours) $11,921
Spring (12 hours) $11,004
Summer (3-8 hours) $ 7,336
Library fee $330 ($110 per semester)
Lab fee (PSY 613, PSY 836) $260 ($130 per course)
Student activity fee per semester $90 ($30 per semester)
Psy.D. Continuous Enrollment fee $500 ($250 for Fall, Spring)
Total direct expenses $31,441

The average doctoral student receives $7,500 in institutional aid.

Expenses

All expenses are payable in U.S. currency.  The Institute reserves the right to change rates and policies when necessary.

Indirect/Living Expenses

Many students find creative ways to pinch pennies and estimate they’re paying about $1,000/month in living expenses.

The official IPS annual cost-of-living survey averages the spending levels of all our students, yielding the dollar amount for calculating federal loan eligibility.   Here is an estimated breakdown*:

Indirect Expenses:
Rent $9,000 (based on $750/month)
Meals $3,900
Transportation $4,000
Books $1,300
Personal $6,500
Total indirect costs $24,700

* Based on a survey of IPS students, which ranged from $9,500/year to $27,500/year and average at $17,000.  IPS permits students to state their Indirect Expenses at $24,700 for the purpose of taking out loans.

M.S. Clinical Program
Total direct expenses $30,481
Total indirect costs $24,700
Total cost of attendance $55,181
Psy.D. Program
Total direct expenses $31,441
Total indirect costs $24,700
Total cost of attendance $56,141

 

Payment of Student Account

The Institute requires students to satisfy their student account at the time of registration, prior to attending classes. The Financial Aid Office and the Business Office are available to assist students in obtaining resources for meeting these financial obligations.

Deposit

A deposit of $250 is required of newly admitted students to secure their place in the class for the upcoming fall semester. This deposit is due by May 1 of the preceding spring semester (or within three weeks of receiving notice of acceptance into the program, whichever is later). The deposit is applied to the tuition for the following fall semester and is non-refundable.

Payment Plans

The Institute offers payment plans as an option for students who are unable to satisfy their student account at the time of registration. Applications for payment plans will be considered on an individual basis, through the Business Office.

IPS Refund Policy: Fall and Spring Semesters

Students who reduce the number of credit hours using the Institute’s course changes procedure, or who withdraw from the Institute using the Institute’s withdrawal procedure, during the fall or spring semester are allowed a commensurate return of tuition and refundable fees. Students will generally not receive a removal of tuition, course fees, and other associated fees until after the end of the published Add/Drop period. The Institute’s Fall and Spring refund schedule is the following:

Withdrawal/Course Change Date: Percentage Refundable

First Week: 80%

Second Week: 60%

Third through Fourth Week: 50%

Fifth through Eighth Week: 25%

Later than Eighth Week: 0%

All monies owed the Institute at the time of withdrawal become due and payable immediately. To obtain a refund of tuition, students must also turn in all Institute property in their possession, including their student identification card, facility access keys, and all library materials. The date used to calculate refunds will be the date on which a student’s written request for withdrawal is made to the Academic Dean, or the date on which the Registrar receives written notice of a student’s intention to add or drop a course.

IPS Refund Policy: Summer

A student who reduces the number of credit hours for condensed summer courses, scheduled for six to five weeks, using the Institute’s add/drop procedure or withdraws using the Institute’s withdrawal procedure are allowed a commensurate return of tuition and refundable fees. Students will generally not receive a removal of tuition, course fees, and other associated fees until after the end of the published Add/Drop period. The Institute’s Summer refund schedule is the following:

Summer Withdrawal Date: Percentage Refundable

First Week: 80%

Second Week: 50%

Third Week: 25%

Later than Third Week: 0%

For summer courses less than five weeks, a student who reduces the number of credit hours or withdraws will receive an 80% refund if they complete the add/drop or withdrawal procedure by close of business on the second day of class and a 0% refund if they complete the procedure at any time after that.

Delinquent Accounts

A student with a delinquent account or debt will be denied a transcript or diploma until all obligations are fulfilled. The student is responsible for attorney fees and other costs and charges necessary for the collection of any amount not paid when due. If a previously enrolled student has a delinquent account he/she will not be allowed to register for the next semester until the account is settled and cleared by the Business Office.

For more information, contact:
703.416.1441 x 121