The amount of funding allocated to the training of educational psychologists over the next five financial years (2015-16 to 2019-20) is expected to increase. From the 2016 intake the:
Number of training places will rise by 14% from 132 to 150
Year one government bursary will increase by 10% from £14,400 to £15,950 (£14,900 to £16,390 for trainees attending a university in London).
The exact figures are not yet known as we are currently out to open tender for training providers to deliver training for intakes in 2016 and 2017, with an option for an intake in 2018. Copies of the tender can be found at: https://www.contractsfinder.service.gov.uk/Notice/b466174e-b2a0-4da4-8790-583aa2457cbe
The Secretary of State will make a decision on funding for a 2018 intake in 2016-17 and on intakes beyond 2019 in 2017-18.
 Local authority educational psychology services and schools pay trainees a bursary when they are on practice placement in years two and three.