The bursary will be used in a desperate bid to improve the standards of teaching in state education.
The brightest graduates will be offered the payout to teach subjects such as science and maths where there is a shortage of teachers.
The plans are part of a series of overhauls to the teacher training system. Other moves will include would-be teachers undergoing personality tests to weed out the weakest applicants and to reduce drop-out rates, and the withdrawal of funding to graduates with a degree of less than 2:2.
Teacher training programmes will also renew their approach to behaviour management in a bid to improve discipline in schools.
What do you think?
Should our children's teachers be the top brains?
Or will graduates apply for teacher training for the wrong reasons?