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Money Saving Options for Education Majors

College is expensive for everyone. The fees, tuition, room and board, and everything else that is factored in can add up to a hefty dollar amount. Did you know that there are loan forgiveness programs and UMF scholarships designed for education majors? Read below to learn about some of these options.

 

Loan Forgiveness: The Teacher Loan Forgiveness Program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, if you teach full-time for five complete and consecutive academic years in certain elementary and secondary schools and educational service agencies that serve low-income families, and meet other qualifications, you may be eligible for forgiveness of up to a combined total of $17,500 on your Direct Subsidized and Unsubsidized Loans and your Subsidized and Unsubsidized Federal Stafford Loans. If you have PLUS loans only, you are not eligible for this type of forgiveness. Participants in this program must have a bachelor’s degree in education to be considered a qualified teacher, and ust have completed their five years of full-time teaching before applying for Loan Forgiveness. You may visit the Teacher Loan Forgiveness website to learn more information about eligibility requirements, loan qualifications, or to fill out an application.

 

 

 

UMF Scholarships: UMF offers over one hundred academic scholarships for students, and many of them are dedicated to students in the education field. Many scholarships have very few requirements to be eligible, and they are designed to help all students that are deserving. Below is list of just some of the scholarships offered to education majors at UMF. For a complete list of UMF scholarships and recipient requirements, visit the UMF Scholarships website.

Scholarships for Education Majors (this is not an exhaustive list):

  • Allen, Grace Stone Award
  • Ambrose, Dr. Edward S. and Barbara Dickey Scholarship
  • Arsenault, Katie J. Memorial Scholarship
  • Brooks, Leonard Knowles ‘58 Scholarship
  • Clawson, Gene and Sue Scholarship
  • Cobban, Margaret R. Scholarship Fund
  • Cramer, Rowena Titcomb Scholarship Fund
  • Currie, Edmund D. Scholarship Fund
  • D’aiutolo, Sadie Redding
  • D.A.R. Scholarship
  • Genthner, Grace Berry Scholarship
  • Irwin, Charlotte M. Brett
  • Johnson, Alice Miller (Class of 1939) Scholarship
  • Kaulback, Vera Macbean (Class of 1940) Scholarship
  • Lake, Doris Francis Scholarship
  • Lockwood, Helen E. Scholarship
  • Macinnes, Beatrice Hudon Memorial Scholarship
  • McGary, Ruth Webber (Class of 1950) Scholarship
  • Mosher, Nettie Taylor Scholarships
  • Nickerson, Clement (1956) and Patricia Craig (1959) Scholarship
  • Parlin, Millard S. Sr. and Alverna, W. Scholarship
  • Richards, Leona Coy Scholarship
  • Verrill, Joan R. Scholarship