About Financial Aid
Learn strategies for financing your education, from finding scholarships to exploring loan forgiveness.
Learn strategies for financing your education, from finding scholarships to exploring loan forgiveness.

Cost-Saving Strategies

There are many opportunities to reduce or eliminate your preparation expenses.

  • Apply for scholarships and financial aid

    There are significant scholarship opportunities for aspiring teachers in North Carolina. For example, the Epsilon Sigma Alpha Scholarship offers up to $2,500 to undergraduate students or current teachers seeking additional training to work specifically with people with special needs. For more information on the Epsilon Sigma Alpha scholarship and others like it, see Explore Financial Aid, or check out our national scholarship database.

  • Explore loan forgiveness programs

    If you teach in high-demand schools or subjects like math, science and special education, the federal government and many states have created programs to forgive some or all of your student loans. For starters, check out North Carolina’s Teacher Loan Forgiveness Program.

  • Apply for teacher preparation scholarships

    Whether you’re in high school, college or graduate school, there are lots of opportunities that you may be eligible for. See a list of featured scholarships in North Carolina.

  • Start your preparation at a community college

    Have you considered starting your undergrad at a community college? Many community colleges offer transfer programs to larger universities. You can start preparation at the community college and finish your degree at a four-year institution.

  • Prepare to teach while in undergrad

    You can avoid paying tuition for a graduate school program by completing all of the coursework and preparation you need to become a licensed teacher as part of your bachelor’s degree. 

    Head over to About Licensure to learn more.

  • Earn a salary while completing your coursework

    If you have a bachelor’s degree, but haven’t completed a teacher preparation program, you can explore alternative licensure programs that allow you to take coursework while you start working in the classroom.

Not sure where to begin? Get personalized advice.

If you want help finding scholarships and financial aid you're best suited for, schedule a free 1-on-1 coaching call.

When you sign up, you'll get access to a checklist app that keeps track of application deadlines and best practices, and fee rebates of up to $100.

Key vocabulary

All this money talk can get confusing. Here are some key terms to help you get started.

A scholarship is a direct payment made to the student or the institution that student is attending. It is a set amount of funds awarded on the basis of academic or other achievement or financial need, along with demonstrated success and interest in specific areas defined by the scholarship.

In some cases, these scholarships can come in the form of a forgivable loan, which is paid out like a scholarship to individuals committed to teaching for a certain number of years, in a particular subject or in a low-performing school. However, if you do not fulfill all the requirements of the program within the allotted time, these "scholarships" can be reclaimed and you will have to pay the money back (just as you would a loan). The North Carolina Teaching Fellows program is one such program.

  • Scholarships
  • Grants
  • Loans
  • Loan Forgiveness
  • Eligibility
  • Application Process

Frequently Asked Questions

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