The Department for Education (DfE) scheme was launched by former education secretary Michael Gove with the aim of attracting 2,000 former military personnel into the classroom.
However, figures revealed in response to Parliamentary questions showed that 551 applications had been received for the programme, which began training in 2014.
Of these, 41 started the programme in its first year, 29 completed the training, and 28 have achieved qualified teacher status.
The DfE says that these graduates are the first cohort, having finished training last year, and that two further cohorts are currently being trained.
However, the National Union of Teachers said that ministers had failed to grasp the complexity of teaching when setting targets for the scheme.
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