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Financial Support

Information about financial support for individuals who are considering teaching as a career.

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.

Cal Grants External link opens in new window or tab.
Provides funds that pay for tuition and fees to students meeting financial and academic requirements.

California Student Aid Commission (CSAC) External link opens in new window or tab.
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.

Extra Credit Home Purchase Program External link opens in new window or tab.
The 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.

Free Application for Federal Student Aid (FAFSA) External link opens in new window or tab.
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.

HUD Good Neighbor Next Door External link opens in new window or tab.
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.

Knowles Science Teaching Foundation Fellowship External link opens in new window or tab.
Supports individuals who have received a bachelor's or advanced degree in science, engineering or mathematics and are committed to teaching high school science and/or mathematics in U.S. schools.

Teacher Education Assistance for College and Higher Education (TEACH) Grant Program External link opens in new window or tab.
Program provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families.

Questions:   Teacher and Leader Policy Office | | 916-445-7331
Last Reviewed: Wednesday, November 09, 2022
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