M.Ed. Award Types & Requirements

Master of Education Award Types

There are two types of financial aid that students may be offered: grants and loans. When creating the award package students are automatically considered for both grants and loans.

Grants are considered gift aid. The amount of gift aid a student can receive depends on her/his financial need and enrollment status as well as a variety of other factors. If a student is eligible for gift aid, it will be included as part of her/his financial aid award package.

Loans are considered self-help aid. Students who accept loans must agree to the repayment and enrollment status terms specified for the loan.

Students are automatically considered for all types of financial aid. Student Financial Services will determine what aid students are eligible for and award accordingly. Regardless of the type of financial aid included in the award package, the total amount of financial aid cannot exceed the students Cost of Attendance. Any outside resources (ex: outside scholarships, employer tuition reimbursement, and private/alternative educational loans) that a student receives must be included in the financial aid calculation.


Master of Education Award Requirements


Up to $4,000 per year

$8,000 aggregate limit

Students must meet all of the following requirements:

  • be enrolled in the Master of Education program with any specialization
  • be a current teacher or if working on first teacher certification, must have a minimum 3.25 undergraduate GPA
  • agree to teach in a low-income school in a high-need field for four years after the student completes her/his graduate program (previous teaching experience will not be considered)
  • complete the TEACH counseling and Agreement to Serve (ATS)

Special note: If a student fails to meet or maintain all eligibility requirements for the TEACH Grant, the Department of Education will convert the TEACH Grant to a direct unsubsidized loan and will calculate the interest based on the date the TEACH Grant was disbursed to the student.

Lutheran Education Grant

 1 credit hour per course

Students must meet all of the following requirements:

  • be teaching at a Lutheran Church - Missouri Synod school
  • complete the Lutheran School Certification of Employment form each year

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Federal Direct Loans

Up to $20,500 per year (cannot exceed COA)

$138,500 aggregate limit

The Federal Direct Unsubsidized Loan

The direct unsubsidized loan is not a need-based loan. Interest does accrue while students are enrolled, during the six-month grace period and during repayment. The interest rate is 6.08% and the lender is the Department of Education.

Federal Direct Loan Award Requirements
  • be a U.S. citizen or permanent resident
  • if the student is male, he must be registered with the Selective Service
  • must not be in default on a federal student loan
  • must not owe an overpayment for a federal grant
  • must not have reached or exceeded the annual or aggregate loan limits
  • be enrolled at half-time status
  • complete Loan Entrance Counseling and the Master Promissory Note
  • complete Loan Exit Counseling if student graduates, leaves college or drops below half-time enrollment

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Certification Only Financial Aid

Students who are only enrolled in a certificate program are not eligible for federal student aid at CTX. Although not eligible for federal student aid, students who are only enrolled in a certificate program may pay in full, utilize the CTX payment plan (TuitionPay Monthly Plan from Sallie Mae) or apply to borrow through a private alternative loan program. Private alternative loans cannot exceed the students cost of attendance as determined by the CTX Student Financial Services.

Private alternative loans are based on the credit history of the student and/or a co-signer. Before applying, you should check your credit report for any discrepancies. A co-signer may be required to secure a private alternative loan. The lender has sole discretion on approval of the loan.

When choosing a lender, a student should carefully review the interest rates and fees charged by the lender. Students should also consider the terms of repayment along with any borrower benefits offered at repayment. Please note that private alternative loans cannot be included as part of a Federal Direct Consolidation Loan.

If you chose to borrow through a private lender and are approved for the loan, please notify Student Financial Services - include your name, Banner ID and the private alternative lender you have chosen.

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