Skip Navigation Links

Blog

Financial Aid Incentives for Teachers

September 27, 2007

by Scholarships.com Staff

Teaching is a reward in itself right? Maybe so, but not making enough money to live a comfortable lifestyle can sure taint that theory. Qualified primary and secondary school teachers are, and have been for a while, in high demand, especially in the Math and Sciences. They play a crucial role in educating the next generation, and they help to instill in students a sense of confidence and a love of learning. Plus, school is mandatory, and someone has to teach the classes.

The government has been trying to make teaching attractive for years, but it’s pretty hard to do without adequate financial bait. Teachers may not strike it big, but students who are still interested may be able to take advantage of certain funding incentives, especially if they choose to spend some time in low-income districts. Here are some options for current and future educators:

1. TEACH Grant: Now that President Bush has [finally] signed the College Cost Reduction and Access Act, a new teaching grant will be made available to students. The Teacher Education Assistance for College and Higher Education Grant (TEACH) will allow students who plan to teach in-demand subjects and those who teach at low-income schools to receive $4,000 grants each college year (up to $16,000). High-demand subjects include math, science, foreign language, and special education among others. Smaller grants may also be offered to graduate school students who plan to teach.

2. Federal Perkins Loan Teacher Cancellation: Students who became teachers, counselors or librarians in primary or secondary schools may be able to cancel their Perkins loans after working in low-income areas. To be eligible, educators should teach subjects that are in high demand.

3. Educator Expense IRS Deduction:  Teachers who dig into personal pockets to buy classroom equipment may be partially repaid. According to IRS regulations, teachers and educators who buy books, supplies, equipment and software used in the classroom can deduct these costs from their income. The law may expire at the end of this year so keep your fingers crossed for an extension.

4. Teach for America: Teach for America offers financial assistance to graduates who agree to teach in low-income communities for at least two years. The program is not restricted to those who plan to teach subjects that are in high-demand, and teacher certification is not required. Those who are selected will be paid by the school district, but they will also be eligible for additional AmeriCorps grants as well as temporary student loan deferments. The program is competitive so students with high GPAs and leadership experience have an edge over other applicants. Aside from the grant incentive and the feel-good factor, Teach for America experience looks great on a resume.

Like everyone else, aspiring teachers may be able to decrease college costs by applying for scholarships and grants. Awards are not restricted to teachers nor are they restricted to the select few with exceptional GPAs. As a last-case scenario, students may also take out loans to pay for a college education.


Leave a comment

Please Login or Register in order to add a comment.
0 Comment(s)

Recent Posts

Tags

ACT (19)
Advanced Placement (24)
Alumni (16)
Applications (76)
Athletics (17)
Back To School (72)
Books (66)
Campus Life (444)
Career (115)
Choosing A College (42)
College (920)
College Admissions (225)
College And Society (271)
College And The Economy (331)
College Applications (141)
College Benefits (282)
College Budgets (205)
College Classes (437)
College Costs (454)
College Culture (549)
College Goals (386)
College Grants (53)
College In Congress (78)
College Life (501)
College Majors (213)
College News (504)
College Prep (165)
College Savings Accounts (17)
College Scholarships (129)
College Search (110)
College Students (377)
College Tips (99)
Community College (54)
Community Service (40)
Community Service Scholarships (26)
Course Enrollment (18)
Economy (97)
Education (24)
Education Study (28)
Employment (36)
Essay Scholarship (38)
FAFSA (49)
Federal Aid (86)
Finances (68)
Financial Aid (362)
Financial Aid Information (39)
Financial Aid News (32)
Financial Tips (35)
Food (44)
Food/Cooking (27)
GPA (80)
Grades (91)
Graduate School (54)
Graduate Student Scholarships (19)
Graduate Students (63)
Graduation Rates (38)
Grants (61)
Health (38)
High School (128)
High School News (62)
High School Student Scholarships (144)
High School Students (260)
Higher Education (110)
Internships (525)
Job Search (168)
Just For Fun (96)
Loan Repayment (33)
Loans (39)
Military (16)
Money Management (134)
Online College (20)
Pell Grant (26)
President Obama (19)
Private Colleges (34)
Private Loans (19)
Roommates (99)
SAT (22)
Scholarship Applications (154)
Scholarship Information (142)
Scholarship Of The Week (228)
Scholarship Search (183)
Scholarship Tips (71)
Scholarships (362)
Sports (61)
Sports Scholarships (21)
Stafford Loans (24)
Standardized Testing (45)
State Colleges (42)
State News (33)
Student Debt (76)
Student Life (501)
Student Loans (130)
Study Abroad (66)
Study Skills (214)
Teachers (94)
Technology (111)
Tips (480)
Tuition (92)
Undergraduate Scholarships (35)
Undergraduate Students (154)
Volunteer (45)
Work And College (82)
Work Study (20)
Writing Scholarship (18)

Categories

529 Plan (1)
Back To School (351)
College And The Economy (464)
College Applications (244)
College Budgets (333)
College Classes (549)
College Costs (705)
College Culture (904)
College Grants (132)
College In Congress (123)
College Life (870)
College Majors (323)
College News (825)
College Savings Accounts (55)
College Search (383)
FAFSA (108)
Federal Aid (118)
Fellowships (23)
Financial Aid (639)
Food/Cooking (76)
GPA (277)
Graduate School (106)
Grants (71)
High School (482)
High School News (208)
Housing (172)
Internships (564)
Just For Fun (202)
Press Releases (1)
Roommates (138)
Scholarship Applications (184)
Scholarship Of The Week (303)
Scholarships (548)
Sports (73)
Standardized Testing (58)
Student Loans (220)
Study Abroad (60)
Tips (744)
Uncategorized (7)
Virtual Intern (531)

Archives

< Mar April 2014 May >
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910

Follow Us:

facebook twitter rss feed