Funding Your SPA EducationThe Summer Principals Academy is a proven effective principal training program where working school teachers earn principal certification as well as a Master’s Degree from Teachers College, Columbia University. However, for many students, the cost of graduate education presents one of the greatest challenges one may encounter. Often, the figures for tuition can seem out of reach. This is particularly true for many applicants who have already pursued a master’s degree.
While we believe the Summer Principals Academy is highly cost-effective because: (1) it does not require individuals to leave their jobs and therefore they can maintain their source of income; (2) the MA or EdM degree obtained also qualifies students for New York State principal certification; and (3) we have very high placement rates into full-time administrative positions. However, we recognize the significance of financial aid in helping prospective students make this important decision. The Summer Principals Academy works with admitted students in three ways:
1. Scholarship Points
Last year, Teachers College awarded over $7 million of its own funds in scholarship and stipend aid and $2 million in endowed funds to new and continuing students. Most scholarship awards are made on the basis of academic merit. The SPA program has funds dedicated to tuition support. Note that all scholarship awards must be used in the year awarded and may not be transferred to a future academic year.
2. Financial Aid
The mission of the Office of Financial Aid at Teachers College is to help remove financial barriers to assist students in meeting the cost of attendance at the institution by filling the gap that exists between the cost of attendance and funds available from your family, savings and other resources. The Office of Financial Aid provides counseling and assistance in completing the financial aid application, evaluation and determination of need. The vast majority of our loans are either in the form of Stafford Loans (including the Direct Loan Program in which TC has been a participant since its inception), Graduate Plus Loans, and Federal Perkins Loans. Our current knowledge of the loan market indicates these sources of financial support are not at risk. For more information regarding Financial Aid, call 212-678-3714 or visit the Financial Aid Website.