Financial Assistance for Teachers

The following resources provide financial assistance to eligible teachers and teacher candidates.  Some programs are available only to those seeking a license in shortage subject areas.

2018-19 Academic Licensure Shortage Areas

  • Art
  • Chemistry
  • Computer Science
  • English/Language Arts
  • Family & Consumer Sciences
  • French
  • Journalism
  • Library/Media Specialist
  • Mathematics
  • Middle Childhood (4-8)
  • Music
  • Physics
  • Social Studies
  • Spanish
  • Special Education

Arkansas Department of Higher Education

The Arkansas Department of Higher Education administers the following programs.  Email or call (501) 371-2000 if you have questions or need more assistance.

State Teacher Education Program (STEP)

STEP is a loan repayment program that offers yearly loan repayment grants to current educators teaching in a subject or geographic shortage area in an Arkansas public school. Teachers must reapply each year and are eligible for up to three years.

Teacher Opportunity Program (TOP)

TOP offers reimbursement grants to current Arkansas teachers and administrators seeking to further their education. Teachers and administrators may apply for reimbursement for out-of-pocket expenses paid for up to six (6) college credit hours completed for an academic year, not to exceed $3,000.

Click HERE for more information about these two programs.

U.S. Department of Education

The U.S. Department of Education administers the following programs.  Contact information for these programs is available on the website.

Teacher 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.

Cancellation for Federal Perkins Loans

Teachers with loans from the Federal Perkins Loan Program could be eligible for loan cancellation for full-time teaching at a low-income school or for teaching in certain subject areas.

Click HERE for more information about these two programs. Financial Aid & Scholarships List

This comprehensive website provides information about the teaching profession and opportunities for teachers, including financial aid and scholarship resources.

Click HERE to visit the website’s list of financial aid and scholarship opportunities.