If you’re successful in your application to teach business studies, you could be eligible for a tax-free bursary. There are three types of funding available for teacher training - depending on your circumstances, you could receive all three. 

1. Tax-free bursaries

If you have a degree and want to train to teach business studies, you could be eligible for a tax-free bursary of £9,000 with a first, 2:1, 2:2, Master's or PhD.

Once you know if you’ll be receiving a bursary or scholarship, you can find out how and when you will receive your tax-free funding.

2. Tuition Fee Loan and Maintenance Loan

With or without a bursary, you can also access a Tuition Fee Loan to cover your tuition fees and a Maintenance Loan for your living costs. The available loans are:

• a Tuition Fee Loan of up to £9,250 to cover your fees
• a Maintenance Loan of up to £11,672 to support your living costs

3. Additional financial support

If you have children or a disability, extra funding is available. For instance, you could get:

• up to £169.31 a week (1 child) or up to £290.27 a week (2 or more children) Childcare Grant
• up to £1,716 per year Parents’ Learning Allowance
• Child Tax Credits
• Disabled Students’ Allowance
• up to £3,007 per year Adult Dependants' Grant

Find out more information on the extra financial support available. 

Earn a salary while you train

Alternatively, you could earn a salary while you train.