According to one of my psychology professors four years ago, the projected cost of becoming a licensed psychologist was around $250,000.
If you think becoming a child psychologist is the right career path for you, you will need many years of education after high school. You must have a four year bachelors degree. After that you will need to apply for a graduate program; preferably one that is recognized by the American Psychology Association.
Both a psychologist and a psychiatrist can hold therapy sessions with the child in question. A psychiatrist is a medical doctor that has received specialized training after the standard medical school stint, whereas a psychologist is not. Psychiatrists are also the only one out of the two who can write prescriptions for medication. Usually, a psychologist will work with the child first, and if he or she determines that there is a need for medicine, he or she will then refer the child to the psychiatrist.
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