Being able to support yourself while taking the time to complete your teacher training course is an important consideration when it comes to making the decision to apply. Here we look at the different ways of funding your teacher training course.
Funding Options for Undergraduate Teacher Training Courses
Students from the UK and EU who choose to study a full-time undergraduate teacher training course can apply for the same student loans for maintenance and to cover tuition fees as other undergraduate students undertaking their first higher education course.
Maths and physics undergraduates
A bursary of up to £9,000 is available to anyone who chooses to study a maths and physics education undergraduate teacher training course which leads to qualified teacher status (QTS). This bursary is paid directly into your bank account in equal amounts every month during the final year of your course.
Troops to Teachers
If you are a veteran from the Armed Forces, you can benefit from a tax-free bursary of up to £40,000 to support your teacher training course. Your bursary will be paid directly into your bank account in equal amounts during each month of the final 2 years of your course. This bursary is available for those who take up a teacher training course in secondary biology, physics, chemistry, computing or maths. We have found that armed forces veterans can bring invaluable skills and experiences to the classroom.
Funding Options for Postgraduate Teacher Training Courses
Tax-free bursary or scholarship
The financial considerations when choosing to undertake a postgraduate course in teacher training play a huge part in whether you go ahead with your application. The UK Government has heeded this, and every year makes available a range of generous bursaries for those looking to take a year to study a PGCE in subjects where teachers are in short supply.
You don’t need to apply for a tax-free bursary; once you are enrolled on your PGCE course and if you meet the eligibility criteria, you will begin receiving payments in equal monthly instalments – directly into your bank account – for the duration of your course.
For certain subject areas, there are scholarships available for those who are passionate about their subject and have the potential to be an inspirational teacher. Scholarships are finite, so are awarded on a scale basis in partnership with highly regarded professional subject associations to the most gifted trainees in physics, maths, chemistry, and computing.
Tuition Fee and Maintenance Loans
As with all other postgraduate courses, regardless of your qualifications and the subject you want to teach, Tuition Fee and Maintenance Loans are available. You can apply for both a Tuition Fee Loan - to cover course costs – and a Maintenance Loan - to help with your living costs while you are studying.
Repayments of these loans will only start once you get a job after graduation and you start earning over the threshold amount; these are also dependent on how much over the threshold you are earning.
Once you’ve accepted your place on a PGCE teacher training course, you can apply for a Tuition Fee Loan and a Maintenance Loan via Student Finance England (SFE).
Salaried teacher training
Postgraduate Teaching Apprenticeships offer a combination of classroom teaching, practical learning and a salary; where 20% of your time is allocated to off-the-job training as you work towards gaining Qualified Teacher Status (QTS).
School Direct (salaried) allows you to earn a salary and train to become a qualified teacher by learning from experienced teachers. Trainees on salaried courses are interviewed by the schools directly, with the hope of continuing their teaching in that school following completion of their training.
Both courses award QTS; the cost of which is covered by the school.
For more information on the Teacher Training courses offered by the University of Sunderland, please visit our Teacher Training and Education pages.
If you have any questions about the funding options above, please contact our Student Financial Advice Team.
Published: 14 October 2020