Generous, tax-free funding is available to the best graduates training in a range of subjects. You could get a £26,000 bursary or be awarded a prestigious scholarship – which provides additional support and benefits throughout your training year. If you teach maths, you could get £30,000 – a £20,000 tax-free bursary while you train and a further £10,000 after tax once in teaching. With or without a bursary or scholarship, you could receive a tuition fee loan and maintenance loan to help fund your teacher training year. Alternatively, you could earn a salary while you train with School Direct (salaried).
You can use the student finance calculator (https://www.gov.uk/student-finance-calculator) to estimate student loans and extra funding that may be available, for instance Parents’ Learning Allowance, Childcare Grants or Child Tax Credits. If you’re on a salaried course, you can estimate any in-work benefits by using the calculators on GOV.UK.
Your eligibility for financial support, and the amount you can expect to receive, will depend on the subject in which you train and your degree classification, or highest relevant academic qualification.
Why not visit the following pages to find out more information:
If you would like further information regarding the funding available for Initial Teacher Training, please call the Teaching Line on Freephone 0800 389 2500.