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Funding for training to teach physics
If you’re successful in your application to teach physics, you could be eligible for a scholarship or tax-free bursary of up to £30,000 – the largest amount of funding available to trainee teachers. Alternatively, you could choose to earn a salary while you train.
The amount of funding you could get is dependent on your degree class. Trainee physics teachers could be entitled to a tax-free bursary worth:
- £30,000 with a first-class degree or a PhD
- £25,000 with a 2:1, 2:2 or Master’s degree
If you have at least a 2:1 in physics or a related subject, you could be awarded a scholarship from the Institute of Physics (IOP). You can still apply if you have a 2:2, but you’ll need to provide evidence of significant relevant experience.
If your application for a scholarship is successful, you will be guaranteed £30,000 to support you throughout your teacher training year. If your scholarship application is unsuccessful, you will still be eligible for a bursary.
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.
Additional financial support
With or without a bursary or scholarship, you can still access tuition fee and maintenance loans to help fund your training and cover tuition fees. You can use the student finance calculator to estimate student loans and extra funding that may be available, for instance Parents’ Learning Allowance, Childcare Grants or Child Tax Credits.
Earn a salary while you train
Alternatively, you could earn a salary with School Direct (salaried) or Teach First.
School Direct (salaried)
School Direct (salaried) is a route that’s suitable if you are already working at a school, or have work experience that you can demonstrate transfers to teaching.
Trainees on the salaried programme are recruited and employed directly by schools, and often continue teaching in their school following training. The amount you earn will be dependent on the school you train in and the subject you’re teaching.
Remember, tax-free bursaries and scholarships are available in some subjects on both school-led and university-led courses. On a School Direct (salaried) course, you’ll be paid and taxed as an unqualified teacher, so you should compare the bursary rate for your chosen subject with the salary on offer via School Direct (salaried) to work out which route would be best for your circumstances.
If you’re a graduate or career changer and have a 2:1 or above, you could train with Teach First and earn a salary as an unqualified teacher – find out more.
21 January 2017 10:00
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