Financial Aid For Education Majors

Ilana Hamilton
By
Updated on April 12, 2023
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    Scholarships for Education Majors

    A career in education can provide steady employment and a comfortable income. According to the Bureau of Labor Statistics, high school teachers earn a median annual salary of $61,660, with elementary and middle school teachers earning slightly less.

    As higher education costs continue to rise without a commensurate wage increase, many students rely on financial aid. However, choosing which financial aid options to accept can profoundly affect graduates’ financial futures. In 2020, student loan debt in the United States rose to a collective $1.56 trillion. This financial burden weighs disproportionately on women, who make up most of the country’s teachers.

    Teaching positions typically require a bachelor’s degree or higher. The undergrad area of study can often be subject specific, if not an education degree. Scholarships for education majors can help students earn this key credential. Our guide discusses the scholarship application process and highlights some of the best scholarships for future teachers.

    Explore Education and Teaching Scholarships

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    Steps to Finding and Getting Scholarships


    Applying for teacher scholarships can seem complex and daunting. However, starting early, staying organized, and understanding the process can help students craft outstanding applications that may improve their chances of receiving funding.

    Financial Aid Resources for Education and Teaching Students


    Aspiring education professionals enjoy access to many resources beyond scholarships. Creative and motivated students can find various ways to subsidize direct costs, such as tuition, and indirect costs, such as food, transportation, and computer equipment. Exploring these resources can help students avoid debt and reduce out-of-pocket expenses.

    Many college students work while earning their degrees. Some employers pay for part or even all of their employees’ tuition through education assistance programs. Fulfilling general education requirements at a less expensive community college can also help reduce the cost of a bachelor’s degree.

    The following programs provide support for education students.

    TEACH Grant

    The U.S. Department of Education administers this program, which provides up to $4,000 annually to students enrolled in eligible teacher education programs at all levels. Grant recipients must commit to teaching high-need subjects at low-income schools for four years after graduation.

    Troops to Teachers

    This program assists veterans and active-duty Armed Forces members transitioning to K-12 teaching careers. Program participants receive career counseling and job placement assistance. They may also receive a bonus or stipend of up to $10,000.

    Teach for America

    Part of the AmeriCorps network, this program recruits recent college graduates in all majors for teaching positions in underserved communities. Students must commit to two years of service. Teach for America provides training and job placements. The program can also help participants access scholarships and grants, transitional funding, loan forgiveness programs, and housing assistance.

    Federal Work Study

    Undergraduate and graduate students with financial need may qualify for federal work-study benefits. The program partners with colleges and universities to provide part-time jobs to help students pay for college expenses. Participants may work on campus or off campus, typically in a capacity related to their major.

    Portrait of Ilana Hamilton
    Ilana Hamilton

    Ilana Hamilton lives in Portland, Oregon, where she studied English at Reed College. After an early career in visual media, Ilana returned professionally to her love of the written word. She now works as a writer and editor while raising two children and performing as a storyteller.

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