Securing funding for your post-secondary education can be one of the most challenging obstacles, and for this reason, it is important to get to know the programs and options which you may qualify for that can help you fund your higher degree.
Van Do Lean Ginn Scholarship
Available to residents of Shelby County who are pursuing a career in elementary education and demonstrate financial need, academic ability, and commitment to community service.
Ohio Child Care Resources and Referral Association T.E.A.C.H. Scholarships
Provides scholarships to assist professionals in earning degrees and credentials in Early Childhood Education.
A Federal Pell Grant is awarded to undergraduate students who have not completed a bachelor's or similar professional degree.
The first step toward obtaining the grant is to fill out a FAFSA and meet the minimum qualifications as prescribed by the grant. Grant amounts are dependent on four things: first, the student's expected family contribution (EFC); second, the cost of attendance (as determined by the institution); third, the student's enrollment status (full time or part time); and fourth, whether the student attends for a full academic year or less.
TEACH Grant Program
Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant program which 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. Through this government-issued grant, aspiring teachers are provided up to $4,000 per year for school-related expenses. In exchange for receiving a TEACH Grant, you must agree to serve as a full-time teacher in a high-need field. If you are interested in learning more about the TEACH Grant, you should contact the financial aid office at the college where you will be enrolled.
To receive a TEACH Grant you must meet the following criteria:
- Be a U.S. Citizen or eligible non-citizen.
- Complete the Free Application for Federal Student Aid (FAFSA), although you do not have to demonstrate financial need.
- Be enrolled as an undergraduate, post-baccalaureate, or graduate student in a postsecondary educational institution that has chosen to participate in the TEACH Grant program.
- Be enrolled in (or plan to complete) coursework specific to the subject within which you would like to teach (e.g., reading specialist courses for a student who intends to be a reading teacher).
- Meet certain academic achievement requirements (generally, maintaining a cumulative GPA of at least 3.25 and/or scoring above the 75th percentile on a college admissions test).
- Sign a TEACH Grant Agreement to Serve.
*Note: Statewide high-need fields for 2013-2014 are as follows: Art, English/Language Arts, Foreign Language, Mathematics, Science, Social Studies, Special Education, Speech Pathology, and Teaching English to Speakers of Other Languages (TESOL).
Loans and Loan Forgiveness
Federal Stafford Loan
A FFEL (Federal Family Education Loan) Stafford Loan is not based on your income or credit. Instead, approval is based upon completion of the Free Application for Federal Student Aid, or FAFSA. In addition to the FAFSA, you will need your tax forms from the year previous and your driver's license. Once your FAFSA is processed, your school will review the results and inform you about your loan eligibility. Lastly, once admitted to a post-graduate institution, you will typically be assigned a financial advisor who can help further explain any financial aid questions you may have.
Title I Loan Forgiveness
If you have already or plan on teaching full-time for five consecutive complete academic years in an elementary or secondary school which services low-income families, you may be eligible for $5,000 in loan forgiveness. In addition, if you are employed as a highly qualified math, science, or special education teacher in a Title I School district, you are eligible for $17,500 in loan forgiveness.