An undergraduate degree and completion of a teacher preparation program are required in order to become a credentialed teacher, and both demand sufficient funds to pay for tuition, books, and living expenses. Having financial support can often mean the difference in a student’s ability to become a teacher. Identifying sources of financial support and publicizing their existence are important ways the California Department of Education assists future educators realize their career aspirations.
Free Application for Federal Student Aid (FAFSA) (Outside Source)
The FAFSA is used to determine an individual's level of financial aid eligibility and is required of all students interested in receiving state or federal financial aid, including loans.
California Student Aid Commission (CSAC) (Outside Source)
The California Student Aid Commission is the state agency responsible for administering financial aid programs for students attending public and private universities, colleges, and vocational schools. Cal Grants and the Assumption Program of Loans for Education are two programs CSAC offers to prospective teachers.
Cal Grants (Outside Source)
Cal Grants provide funds that pay for tuition and fees to students meeting financial and academic requirements.
Assumption Program of Loans for Education, (APLE) (Outside Source)
The Assumption Program of Loans for Education is an incentive program to encourage students, newly credentialed teachers, and out-of-state teachers to teach in specific subjects or schools identified by the Superintendent of Public Instruction.
Robert C. Byrd Honors Scholarship Program (Outside Source)
The Robert C. Byrd Honors Scholarship Program provides up to four years of funding to eligible high school students to attend college.
Extra Credit Teacher Program (Outside Source)
The Extra Credit Teacher Program was created to encourage qualified teachers to serve in high priority schools. Eligible program participants who commit to serve in designated high priority schools for three years will qualify for reduced interest rate loans or tax credits to purchase a home.
HUD Good Neighbor Next Door (Outside Source)
In order to assist in the revitalization of specific communities, the Housing and Urban Development Department created The Good Neighbor Next Door program. Eligible pre-K through 12th grade teachers will receive a 50 percent discount from the list price of a home if they agree to live in the home for at least three years.
National Board for Professional Teaching Standards Incentive Award
National Board Certified Teachers who teach at least half-time in high-priority schools are eligible for a $20,000 incentive award.
