30 minutes
New York Teaching Program Finances
There are options to help you on your teaching journey.
There are options to help you on your teaching journey.
You know what you want to teach and what program you want to attend. You’re excited to start your educator preparation program (a.k.a. your teaching program), but then you see the tuition bill. How will you pay for this? Is a teaching program worth the cost?
The short answer is yes. Becoming a teacher doesn’t just mean getting your degree and teaching certificate. You’re also starting a career that makes a difference in your community, includes health and retirement benefits and comes with professional growth built into the job.
When deciding how to pay for your teaching program, remember that you have options. On this page, we’ll guide you through some of the best ways to cover your expenses.
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The first step is to look for grants and scholarships from your program. The great thing about these resources is that you don’t have to pay them back. You may qualify for more than one type of free financial aid!
Grants are free money for school. They come from the government or local organizations and colleges. These resources are often awarded based on things like income and family size. Some grant providers, such as small businesses and nonprofits, may have specific eligibility requirements.
The TEACH Grant—which is unrelated to TeachNY—is a specific type of award offered by the Federal Student Aid office (the same one that runs FAFSA). The TEACH Grant offers up to $4,000 a year to students entering the teaching profession.
Sticking to these guidelines is important. Otherwise, your TEACH Grant turns into a direct unsubsidized loan, which means you have to pay it back with interest. See the TEACH Grant website for more details.
Scholarships are generally awarded to students who have met specific qualifications in areas such as athletics or academics. You may also find scholarships based on the major you choose, your career choice, your hometown, or other factors like race, culture or gender identity.
Scholarships can come from schools, government aid or private organizations. There are hundreds of scholarships and grants out there, ranging from small awards to full-ride scholarships.
If you fill out the Free Application for Federal Student Aid, or FAFSA and apply to a college, you are automatically considered for many scholarships—but not always.
Check with your teaching program or financial aid office, and search websites like Fastweb, Scholarships.com, and the NYS Higher Education Services Corporation to find scholarships in your area.
You can also check out TeachNY’s Financial Aid Explorer to browse our list of financial aid and scholarships specifically for future teachers.
TeachNY offers scholarships for future teachers! Check out the TeachNY Scholarship page to learn more!
If your teaching program is through a college or university, you may be eligible for funds from the government through the FAFSA.
Typically, you’ll need to attend a certification program through a college or university (rather than an alternative certification program) to be eligible for financial aid through the government.
To find out if your program is eligible, you can use the FAFSA school search tool.
The FAFSA becomes available in December of the year before you want to enroll in a program. So for the 2024-25 school year, you could submit your FAFSA after December of 2023.
In New York state, the deadline to submit your FAFSA is June 30.
Schools use the information in your FAFSA to determine your eligibility for grants, scholarships, and loans. Remember that some forms of aid are first-come, first-served, so apply as soon as you can!
When you apply for financial aid through FAFSA or your program, you’ll need to provide some background information. You’ll likely be asked for your name, Social Security Number, email and other general background information.
Some forms also include a Release of Information (ROI), which lets specified individuals and organizations access your form details. You’ll need to sign the ROI before your information can be shared.
It’s a good idea to consent to this section because it lets you be considered for additional financial aid programs.
New York also offers incentives, forgivable loans and other rewards for educators. Here are a few examples of financial aid available (visit our Financial Aid Explorer for more!):
New York State and the federal government have programs that pay back the student loans for certain state teachers, often those who teach in high-needs subjects such as bilingual education, science, math, or special education. Check out the loan forgiveness programs listed by New York State United Teachers.
The NYC Teaching Fellows Program helps college graduates develop leadership skills and prepares them to teach high-needs subjects such as special education, bilingual education, science, and math in New York City public schools. Fellows receive a training stipend and tuition subsidy ($10,000 for Bronx-based fellows and $12,000 for citywide fellows) to cover most of the cost of their tuition.
Most colleges and universities offer work-study options, which let you earn money by working part-time, usually on campus.
You can often match your work-study position to your program. For example, you may be able to work as a teaching assistant or academic tutor. That means you can get hands-on teaching experience while you pay for your education.
If you have a bachelor's degree, you might consider an alternative certification pathway, which allows you to teach (and earn a paycheck) while you complete your teaching certificate.
Learn more with our Alternative Certification Guide.
If you already work in a school district, you might want to continue working full- or part-time while attending your teaching program. It’s worth finding out if your school offers extra support for employees who are pursuing a teaching certificate.
Your school may have scheduling support, such as revised work hours. For example, if your normal work hours are from 8:00 am - 4:00 pm, your school may let you leave a few hours early to attend class.
Some schools also provide tuition vouchers for staff who are choosing to continue their education.
These vouchers can cover anywhere from three to six credit hours. Not only does the assistance benefit you, it’s also a great way for schools to retain skilled and driven employees. Consider asking about these programs in your next interview.
Programs like AmeriCorps offer opportunities to serve in a community and explore career paths while earning a salary and providing a scholarship.
Some AmeriCorps programs provide hands-on experience for people who want to become teachers. AmeriCorps partners with programs and organizations that can help you transition into the classroom after your service.
AmeriCorps positions can last for three months or longer. You’ll earn a small stipend during the program and receive an education award after completing their term of service, which ranges from about $350 to over $6,000, depending on how long you worked for AmeriCorps. You can apply that money to any educational expenses, including tuition and student loans!
While taking out loans may not be your favorite option, federal student loans have some perks:
Learn more about your options on the Federal Student Aid website.
If you do take out loans—from the federal government or elsewhere—make sure you know whether they’re subsidized or unsubsidized. What’s the difference?
Subsidized loans will not accrue interest until after you graduate (usually six months after). Unsubsidized loans start to accrue interest as soon as you receive the money.
Schools and teaching programs may also offer you loans, which you have to pay back with interest. Some programs offer subsidized loans, while others do not (remember, subsidized loans do not accrue interest while you’re completing your program, but unsubsidized loans do.)
You can always reduce the amount of loans you accept, or completely decline them if you don’t need them.
Keep in mind that most programs are through colleges and non-profit organizations, so they keep fees low. If you’re considering a for-profit teaching program, make sure to ask about interest and fees.
If you do use federal loans to pay for your program, you may be able to have all or part of your loans forgiven without paying them back. The federal government offers teachers, especially those who serve in high-need subjects or schools, several ways to get loan forgiveness (these programs generally do not apply to private loans through your school).
Learn more about federal loan forgiveness and cancellation.
Remember, you've got options to pay for your teaching program. It all comes down to what works best for you financially.
Applying for financial aid isn’t done once you hit that submit button!
If you attend a college or university, you’ll get a financial aid letter (or email) with the details of your award offer. You will have to accept these offers to receive them.
Once you formally accept your financial aid package, you’ll be one step closer to your teaching certification!
As you’re exploring financial aid, you’ll probably apply to some teaching programs. Most programs require a fee—usually around $50—when you submit your application.
Some programs offer fee waivers based on income. Check with an admissions officer to see if you qualify.
You can apply for TeachNY Fee Reimbursements to get up to $100 toward application and testing fees! Reimbursements can go toward any expense that is required for you to apply to a teaching program.
Yes! Check out the TeachNY Financial Aid Explorer to find financial aid opportunities in New York and beyond.
Most scholarships, grants, and other opportunities have specific deadlines listed on the funding organization’s website.
Usually, these pages also provide instructions to guide you through the application process.
What exactly your financial aid covers will depend on your specific award.
Some funding will cover any education-related cost, including tuition, student housing, textbooks and school fees. Other awards only cover tuition. Check to find out what you can pay for with your funds!
If you’re awarded a scholarship or grant, how you receive that money will depend on the terms of the award. Some programs will send funds to you directly. Others will distribute it to your college or university on your behalf.
Other financial aid, such as loan forgiveness, might go directly to your loan provider to deduct from the remaining balance of your loans.
You can usually find additional details about fund distribution on your funding organization’s website.
TeachNY currently only provides support and information for teaching opportunities within the United States.