Missouri State University

Financial Aid Resources for Teacher Certification Students

Resources for Future Teachers

This website has been created as a “Quick Reference” guide for students seeking a degree in the education field. It is not an exhaustive list of all financial aid programs that may be available to you. It is highly recommended that you make an appointment with a financial aid counselor to discuss your available aid options. You may call the financial aid office at 417-836-5262 or 800-283-4243 to set up an appointment. You may also stop by Carrington Hall room 101 between the hours of 8am-5:00pm M, W-F; Tuesday 9am-5:00pm

GRANTS

 TEACH (Teacher Education Assistance for College and Higher Education) Grant

Requirements

1. Must be fully admitted to College of Education (COE)

2. Must be seeking either a Bachelor or Masters Degree in a “high-need field”

3. Must file the FAFSA

4. Must be in good standing with Title IV aid programs

5. Be above the national 75% in one battery of a national test submitted to MSU (e.g. ACT; SAT) OR

have at least a 3.25 on a 4.0 scale If eligible based on GPA, maintain a GPA of 3.25

6. Participate annually in the TEACH grant counseling to actively confirm their intent to teach

Award Amount

Full-Time: $4,000 per academic year

3/4 –Time: $3,000 per academic year

Half-Time: $2,000 per academic year

                        Less-Than-Half-Time: $1,000 per academic year

                        Undergraduates: Up to $16,000 Graduates up to $8,000

 SCHOLARSHIPS

Minority Teaching Scholarship: Deadline February 15th

Requirements

1. Be accepted by fall 2010 for enrollment at an institution of higher education as defined in Institution Eligibility Regulations, Section 600.4

2. Present evidence that he or she received a test score above the 90th percentile on the American College Testing Program (ACT) during a scheduled administration.

3. Present evidence of unweighted G.P.A. on the student’s high school 7th semester transcripts in the case of a regularly enrolled high school senior. A student eligible under the G.E.D. provision must submit copy of G.E.D test score.

4. File with the institution he/she intends to attend a statement of registration status certifying that he/she is registered with the selective service or that, for a specified reason, he/she is not required to be registered. (These forms will be sent to those individuals receiving the scholarship.)

5. Submit a completed application form and 7th semester transcripts to the Missouri Department of Elementary and Secondary Education..

6. This very competitive scholarship is for students who will be freshmen and may be renewed three times for a total of four years. Applicants must be legal residents of Missouri and presently a high school senior. The secondary school (public or private) may or may not be in Missouri.

Award Amount:          Up to $2,000

Robert C. Byrd Honors Scholarship: Deadline April 15th

Requirements

1. Be accepted by fall 2010 for enrollment at an institution of higher education as defined in Institution Eligibility Regulations, Section 600.4

2. Present evidence that he or she received a test score above the 90th percentile on the American College Testing Program (ACT) during a scheduled administration.

3. Present evidence of unweighted G.P.A. on the student’s high school 7th semester transcripts in the case of a regularly enrolled high school senior. A student eligible under the G.E.D. provision must submit copy of G.E.D test score.

4. File with the institution he/she intends to attend a statement of registration status certifying that he/she is registered with the selective service or that, for a specified reason, he/she is not required to be registered. (These forms will be sent to those individuals receiving the scholarship.)

5. Submit a completed application form and 7th semester transcripts to the Missouri Department of Elementary and Secondary Education. It is very important that the blank requesting the “congressional district number of residence” on the application form be filled in. If you do not know your congressional district, find out the name of your U.S. Congressman (as of August, 2009) and fill in the blank using the appropriate number from the list below.

6. This very competitive scholarship is for students who will be freshmen and may be renewed three times for a total of four years. Applicants must be legal residents of Missouri and presently a high school senior. The secondary school (public or private) may or may not be in Missouri.

Department Scholarships: Contact the College of Education 417-836-5254 for additional information and applications.

Bernice Jackson Scholarship
Student must be preparing for a career in education as a teacher, administrator, counselor, librarian or other professional role.

Dr. Jim Layton Scholarship
Student must be in one of the following programs: MS in Reading; BS in Education majoring in early childhood, middle school, elementary, or special education at the senior level; or a Post Baccalaureate student majoring in early childhood, middle school, elementary or special education.

Sandra K. Schoen Memorial Scholarship
Student must be enrolled at the sophomore level or higher whose career goal is to work with abused children. Student must have an overall GPA of 2.5 and a GPA of 2.5 in child development.

Patricia K. Scott Endowment
Student must be a graduate from a high school in Greene County, Missouri. When awarded to an incoming freshman, consideration will be given to high school performance, college potential and leadership qualities. When awarded to a student enrolled at the sophomore level or higher, the student must have maintained an overall GPA of at least 3.0.

Myrtle P. Teter Memorial Scholarship Award
Student must be enrolled full-time in the College of Education. Consideration will be given to a student who has demonstrated an aptitude for becoming both an educator and a scholar by maintaining a GPA of at least 3.0.

LOAN FORGIVENESS

Loan Forgiveness for Teachers: Application Available at http://ifap.ed.gov/dpcletters/attachments/GEN0811AttTLFAform.pdf  

Basic Information:

The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, individuals who teach full-time for five consecutive, complete academic in certain elementary and secondary schools that serve low-income families and meet other qualifications may be eligible for forgiveness of up to a combined total of $17,500 in principal and interest on their FFEL and/or Direct Loan program loans. (Note: As of August 14, 2008, an otherwise eligible borrower may qualify for forgiveness if the borrower has provided qualifying teaching services at one or more locations that are operated by an educational service agency.)

To be eligible to participate in the Stafford Loan Forgiveness Program for Teachers, you must meet the following requirements:

  1. You received a Stafford Loan through the Federal Family Education Loan (FFEL) Program and/or the William D. Ford Federal Direct Loan (Direct Loan) Program.
  2. You are a new borrower. You are considered a new borrower if you did not have an outstanding balance on an FFEL or Direct Loan on Oct. 1, 1998, or on the date you obtained an FFEL or Direct Loan after Oct. 1, 1998.
  3. You have been employed for at least five consecutive, complete school years as a full-time teacher in an elementary or secondary school designated as a low-income school. To find out whether your school is considered a low-income school, call 1-800-4-FED-AID or visit www.FederalStudentAid.ed.gov/tc.
  4. You are not in default on the loan for which you are requesting forgiveness (unless you have made satisfactory repayment arrangements with the holder of the loan).
  5. You have not received a benefit for the same teaching service through the AmeriCorps Program.
  6. At least one of your five years of qualifying teaching service must be after the 1997-98 academic year.
  7. You received the loan for which you are requesting forgiveness before the end of your fifth year of qualifying teaching.

Forgiveness Amounts:

You may receive up to $17,500 in loan forgiveness

if you were:

• A highly qualified full-time mathematics or science teacher in a secondary school; or

• A highly qualified special education teacher whose primary responsibility was to provide special education to

children with disabilities. In addition, you must have taught children with disabilities that corresponded to your

area of special education training and demonstrated knowledge and teaching skills in the content areas of the curriculum that you were teaching.

You may receive up to $5,000 in loan forgiveness if:

•   Your five years of qualifying teaching

service began before Oct. 30, 2004 and you were:

 - A full-time elementary school teacher who demonstrated knowledge and teaching skills in reading, writing, mathematics, and other areas of the elementary school curriculum; or A full-time secondary school teacher who taught in a subject area relevant to your academic major.

•      Your five years of qualifying teaching service began on or after October 30, 2004 and you were:

  • a highly qualified full-time elementary or secondary school teacher.

Public Service Loan Forgiveness: Applications will be available beginning in 2017

Basic Information:

Borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers. Since borrowers must make 120 monthly payments on their eligible federal student loans beginning after October 1, 2007 before they qualify for the loan forgiveness, the first cancellations of loan balances will not be granted until October 2017.

Requirements:

•    Have your Federal Stafford loans consolidated with the Direct Loan Program

•    The borrower must make 120 separate monthly payments beginning after October 1, 2007 on the   

     Direct Loan Program loans for which forgiveness is requested. Earlier payments do not count toward 

     meeting this requirement.

•    Each of the 120 monthly payments must be made for the full scheduled installment amount within 15

     days of the due date

•    The 120 required payments must be made under one or more of the following Direct Loan Program

      repayment plans:

            - Income Based Repayment (IBR) Plan (not available to parent Direct PLUS Loan borrowers)

            - Income Contingent Repayment Plan (not available to parent Direct PLUS Loan borrowers)

            - Standard Repayment Plan with a 10-year repayment period