Program Mission Statement:
The Franklin EduGrants program’s mission is to provide educational grants to American educators at public schools grades K through 12 in an effort to ease the financial burden of graduate education.
Teachers are the gateway to unlocking a child’s potential. Tomorrow’s innovators will come from our public schools, and we want to make sure they can receive the most experienced instruction possible. However, in most states, teachers are severely underpaid making financing an advanced education harder than it should be.
In PA, for example, a teacher making $50,000 per year will pay nearly 20% of their take-home income in student loans from their undergraduate degree. The average cost of a graduate degree is over $30,000, which makes attaining a graduate degree financially impossible for the majority of public school educators. For most, the cost of a graduate degree will exceed their earning potential. Scenarios like this one are why the Franklin Foundation provides EduGrants to public school teachers at all levels grades K through 12. EduGrants are designed to help reduce or completely remove the debt educators incur when working to gain a graduate degree. This program is one of the many ways we work to support America’s public school teachers. In our view, it makes perfect sense to invest in the people who invest their knowledge, time, and energy into our kids.
Teachers are our Nation’s best defense against a future where innovation is rare and society cannot solve complex problems. Practitioners are required in the classroom to help kids become thinkers, innovators, and problem solvers. An advanced education will arm teachers with the tools they need to provide additional breadth and depth in the classroom. All this can be accomplished without creating a financial burden on already underpaid educators.