Students can access many different forms of financial aid, such as scholarships, grants, and fellowships. Federal grants are usually awarded to those demonstrating financial need, while scholarships are typically merit-based awards. Due to a nationwide shortage of teachers and other education professionals, many private organizations offer education majors scholarships. These scholarships may also be tailored to candidates from underserved populations, such as people of color and LGBTQ+ students, to help their advancement. You can find scholarships for education majors in online databases of scholarships and grants. Additionally, professional organizations’ websites for teachers and other education professionals typically offer scholarships or promote awards from other organizations.
Education majors may benefit from many federally funded grant opportunities. These are usually awarded based on financial need, making it easier for nontraditional students, first-generation college students, and students from underserved areas. Most education scholarships are only for US citizens who are at least 18 years old. You may position yourself favorably for a scholarship by showing outstanding academic and personal merit by maintaining a high GPA and engaging in extracurricular activities.
Seeking financial aid begins with filling out your FAFSA. This allows the federal government to gauge your level of need. Students need to submit their FAFSA results to apply for financial aid at accredited colleges and universities. Read more about FAFSA for Graduate School.
Financial Assistance for Education Majors
Students can access several financial assistance resources to help them pay for their studies, such as loans, scholarships, grants, fellowships, and work-study positions. However, different conditions apply for each form of aid, so make sure you research each opportunity carefully.
College loans can usually be secured from the federal government or a private financial institution. Though you must eventually repay a loan, the amount you repay depends on the kind of loan you take out. For instance, federal loans tend to charge lower interest rates than private loans. You can also apply for a subsidized loan, which can decrease the amount of interest you need to pay back. While loans must be repaid, grants and scholarships do not require repayment. Grants are typically dispersed to students who demonstrate financial need, while scholarships from private entities often target students who meet certain academic standards. Students should exhaust grant and scholarship opportunities before applying for loans.
Graduate students may be awarded fellowships to research in their field. Additionally, students who qualify for a work-study program are matched with a part-time job at their school, allowing them to earn money to help pay for their studies.
While loans must be repaid, grants and scholarships do not require repayment. Grants are typically dispersed to students who demonstrate financial need, while scholarships from private entities often target students who meet certain academic standards. Students should exhaust grant and scholarship opportunities before applying for loans.
Grants for Teachers
Teachers and other education professionals can also access numerous federally funded grants. The following list describes grants specifically tailored to education majors.
The TEACH Grant provides up to $4,000 per year to students who plan on teaching in a low-income school district. The grant requires students to complete specific classes and to maintain a certain level of academic achievement. Once graduated, students with the TEACH Grant must work in a low-income school to keep the grant from turning into a loan.
Teach for America (Americorp)
Teachers accepted into Teach for America can apply for a financial package to help launch their careers. Packages are granted based on teaching location and financial need.
Troops to Teachers
Certain current and former US armed forces are eligible for Troops to Teachers (TTT), a Department of Defense program that supports prospective teachers who meet specific education and military service requirements.
Many organizations offer scholarships for students pursuing masters in education administration programs. Here are a few scholarships.
Read more about financial did on the Best Financial Aid Guide.