Skip to content
Psychotherapy Notes
  • Exam Prep
    • California MFT Clinical Exam Prep
    • California MFT Law & Ethics Exam Prep
    • California LPCC Law & Ethics Exam Prep
    • National MFT Exam Test Bank
  • Advocacy
  • Books
    • Basics of California Law for LMFTs, LPCCs, and LCSWs (9th ed)
    • Saving Psychotherapy
    • Preparing for the 2021 California MFT Law & Ethics Exam
    • Preparing for the 2022 California Clinical Social Work Law & Ethics Exam
  • Blog
    • Blog home
    • Psychology
    • Professional Counseling
    • Family therapy
    • Clinical social work
    • Law and ethics
    • Education
    • Employment
    • Licensure
    • Public policy

Podcast episode 3: Student loan debt

February 14, 2018 by Ben Caldwell

Psychotherapy Notes podcastNo point mincing words here: Student loan debt is crushing the mental health professions. Perhaps it’s crushing you, too. According to a 2014 American Psychological Association study, the average recent graduate of an accredited PsyD program finishes their studies with $200,000 in student loan debt. Social workers similarly decry their debt loads, with at least one going so far as to declare the entire social work profession “untenable.”

In this episode of the podcast, we talk about student loan debt, and how it’s impacting those coming into the mental health professions. We review how $200,000 in debt can easily wind up being more than $700,000 by the time it’s finally paid off.

Over the next two episodes, we’ll tackle the issue further. In our next episode, we’ll talk with two graduate students who, combined, owe more than half a million dollars on their student loans. And in episode 5, we’ll take a look at what’s happening with the Public Service Loan Forgiveness program, which just this week saw renewed questions about it’s fate as President Trump’s proposed budget floated the idea of killing off the program for any loans taken after July 1, 2019.

You can download our entire first season now on iTunes, and read about previous episodes here and here.

Share this:

  • Email
  • Tweet

People who read this article also read

Post navigation
How did we get here? Part 2: Educational requirements
California’s six-year rule for MFTs, PCCs, and CSWs: An explainer
Saving Psychotherapy
Saving Psychotherapy: How therapists can bring the talking cure back from the brink
An action plan to improve your practice while helping the whole field. An unflinching, data-driven, and ultimately optimistic look at where we are and how your practice matters to all of our shared futures.
 
Get it on Amazon

People are reading

  • Social work exam data shows major racial disparities
  • Decoding counselor alphabet soup: LPC, LPCC, LMHC, and more
  • What's the difference between an MFT (or LMFT), an LPC (or LPCC), and an LCSW?
  • Major changes are coming to California BBS supervision rules in 2022
  • Therapists should not write Emotional Support Animal letters

Recent Posts

  • Social work exam data shows major racial disparities August 9, 2022
  • NASW files FTC complaint over CareDash profiles funneling clients to BetterHelp [updated] August 2, 2022
  • California MFT program costs vary — by more than $100,000 July 25, 2022
  • 15 years of therapist salary data for Psychologists, counselors, social workers, and MFTs July 11, 2022

Basics of California Law for LMFTs, LPCCs, and LCSWs – 9th ed

Basics of California Law for LMFTs, LPCCs, and LCSWs - 9th edition front cover (c) Copyright 2022 Ben Caldwell LabsNinth edition (2022). A concise, digestible summary of vital elements of state law for master’s level therapists and mental health professionals.

Online California MFT Law & Ethics Exam Prep

Matthew Henry via Burst / Used under licenseBe ready for your test in 7 days with our study plan, video lectures, and practice questions. All for less than half of what competitors charge.
 
Start now

Preparing for the 2021 California MFT Law & Ethics Exam

Preparing for the 2021 California MFT Law & Ethics ExamThe easiest way to get ready for California’s MFT Law & Ethics exam. Includes a study guide and more than 100 practice test questions with rationales.

Ben Caldwell Labs

Psychotherapy Notes is the official blog of Ben Caldwell Labs

All content and images © Copyright 2009-2022 Ben Caldwell Labs unless otherwise noted.
Some images are used under Creative Commons licensing (information embedded).

Ben Caldwell Labs, the Ben Caldwell Labs logo, and Psychotherapy Notes are registered trademarks of Ben Caldwell Labs Inc.

The opinions expressed on posts on this site are solely those of the author.
While this blog does sometimes cover legal issues, unless otherwise noted authors are practicing clinicians and not attorneys.
Nothing here should be interpreted as legal advice, nor should it be considered a substitute for consulting with a qualified attorney.
  • Exam Prep
    • California MFT Clinical Exam Prep
    • California MFT Law & Ethics Exam Prep
    • California LPCC Law & Ethics Exam Prep
    • National MFT Exam Test Bank
  • Advocacy
  • Books
    • Basics of California Law for LMFTs, LPCCs, and LCSWs (9th ed)
    • Saving Psychotherapy
    • Preparing for the 2021 California MFT Law & Ethics Exam
    • Preparing for the 2022 California Clinical Social Work Law & Ethics Exam
  • Blog
    • Blog home
    • Psychology
    • Professional Counseling
    • Family therapy
    • Clinical social work
    • Law and ethics
    • Education
    • Employment
    • Licensure
    • Public policy
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.