WDAM-TV reports the money comes from the Phil Hardin Foundation and will cover tuition for about 10 students who already have a bachelor's degree in another field to take courses required to get an alternate route teaching license.
WCU will cover the tuition costs of additional students. The grant will help expand a campaign called Teach Meridian.
A meeting for those interested in applying will be held at 5 p.m. on Thursday at the Meridian High School Freshman Academy Library.
The Hardin Foundation's executive director, Lloyd Gray, says there's a crisis in teacher availability and retention in Mississippi currently and the foundation is pleased to partner with WCU to meet the challenges in those areas.