University students are supervised by a licensed psychologist professor and it is perfectly fine.

My son just got his testing done at the local university. And they test on a sliding scale fee. I am waiting for the results because they do all the work and then have to present it to the professor (and possibly classmates I am not sure). I signed consent for video taping only for use with her professor (so they go over the video tapes too). So it takes a little longer to get the results but I feel the results will be valid and it should be accepted because the professor signs the report too.
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...reading is pleasure, not just something teachers make you do in school.~B. Cleary