If you’re successful in your application to train to teach maths, you could benefit from a tax-free bursary of up to £25,000 – the equivalent of a pre-tax and national insurance salary of more than £30,000. There are also academically and professionally prestigious scholarships available for trainee teachers with top degrees.
Funding for training to teach maths
About the scholarships
As an alternative to a bursary, if you have at least a 2:1, you could be eligible for a scholarship from the Institute of Mathematics and its Application (IMA), in collaboration with the London Mathematical Society (LMS), the Royal Statistical Society (RSS) and Mathematics in Education and Industry (MEI).
Prestigious maths scholarships reward the most gifted individuals with membership offers, networking opportunities and professional development support. Successful maths scholars will also be offered additional support to enable them to make a significant contribution to the development of maths teaching in the schools where they train and work.
The scholarship will be instead of the standard bursary. If you’re awarded a scholarship, you are guaranteed £25,000 to support you throughout your teacher training year. Scholarships pay most eligible graduates at least £5,000 more than bursaries. If your application for a scholarship is unsuccessful, you will still be eligible for a bursary.
Apply for a scholarship via the IMA website to see if you could get access to a valuable support network on your journey to becoming a teacher.
About the bursaries
The bursaries that are available are determined by the class of your degree, as follows:
- £25,000 if you have a first or PhD
- £20,000 for a 2:1 or Master’s degree
- £15,000 for a 2:2
There are also £9,000 bursaries available if you have a relevant degree and at least an A or B at A level in maths. Trainees will not be entitled to this bursary if they are also entitled to a higher bursary based on degree class.
How you will be paid
If you qualify for a bursary, the payments will be processed automatically by the school(s) or university leading your training. Bursary awards up to £15,000 will be made in equal monthly instalments for the duration of your course; the organisation leading your training will confirm exact details.
Bursaries of £15,000 or more will also be paid in equal monthly instalments for the duration of the course, but these will be enhanced by larger payments in February and July, or in the final month of your course. The payment schedule for scholarships is generally similar to that of bursaries. Again, you should speak to the school(s) or university leading your training to confirm the exact details.
If you are not eligible for a bursary, you can still access standard student loans and/or grants to help fund your training and cover tuition fees.
If you have a degree from outside the UK, you should refer to the overseas degree equivalency table to see the bursary your degree may attract. Make sure you contact your preferred training provider as they make the final judgement on equivalency. You also need to be eligible for a bursary based on your nationality and residency status. Contact your training provider or Student Finance England to find out if you will be eligible for a bursary and student finance.
To find out more, you can speak to a Teaching Line adviser on Freephone 0800 389 2500.
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