The cost-of-living in New Orleans is modest, and many students live within walking distance of campus.

Psychology PhD students receive five-year assistantship offers that provide excellent compensation and benefits. Assistantships provide a full tuition waiver currently valued at approximately $47,000/year as well as stipends with salaries from $20,000-30,000/year depending on the funding source and responsibilities. Supplemental funding of an additional $3,000 is also often available during summer months. Stipend rates increase periodically in response to changes in cost of living.

Students are responsible for covering required fees (e.g., for on-campus exercise facilities) as well as 50% of health insurance premiums; typically the fees and insurance total about $2,000 annually, comparable to graduate programs at other universities.