Chicago Teacher Residency™ Financial Support

Our university partners offer attractive tuition rates for residents. For the one-year Master’s degree, 2018-19 tuition rates are expected to be approximately $20,000 for the training year. <Financial aid>* is available.

Accepted Residents must work with our university partners to pay their tuition on time and remain in good standing with their school. University representatives will be available to to assist Residents with with this as part of the onboarding process.

The Chicago Teacher Residency does not provide housing. Residents can choose where they live. Many residents use the class Facebook group to find roommates, and apartment search services like Chicago Apartment Finders and Apartment People can help locate housing.

The Chicago Teacher Residency Program offers a highly attractive package of financial supports, enabling residents to make a full-time commitment to their training year. Financial aid and loan forgiveness are available to help residents offset their Master’s degree tuition costs.

Tuition

Our university partners offer attractive tuition rates for residents. For the one-year Master’s degree, 2018-19 tuition rates are expected to be approximately $20,000 (standard rates ranged from $29,670 to $36,540).

Scholarships/Grants

Training Scholarship

Residents receive $20,000 over the course of their training year, beginning on the program’s start date in late June/early July.

TEACH Grant

Residents preparing to teach Math, Science, Special Education, or Foreign Languages in high-needs schools (all AUSL schools qualify) are eligible for up to a $4,000 grant towards education expenses. Individuals must teach in qualifying schools and subject areas for four of their first eight years following graduation. Learn more

Minority Teachers of Illinois (MTI) Scholarship Program

Qualifying residents are eligible for a scholarship of up to $5,000 towards education expenses. Learn More

University Scholarships

The Financial Aid departments at our partner universities work with residents to create a financial aid package for each unique situation.
Learn More (DEPAUL)
Learn More (NLU)

Other Scholarship Opportunities

There may be additional scholarships available based on your background and content area. Learn More

FAFSA

In order to be eligible to receive any type of financial aid, residents must complete the FAFSA as soon as possible after October 1st. Learn More

Loan Process

Student Loans

Residents may borrow from federal student loan programs such as Stafford (up to $20,500) and Graduate PLUS loans. Learn More

Teacher Loan Forgiveness

Under the Stafford Loan program, individuals who teach full time for five consecutive, complete academic years (following the residency training year) in high-needs schools (all AUSL schools qualify) may be eligible for loan forgiveness. Math, science, and special education teachers are eligible for up to $17,500 of loan forgiveness; teachers of other subjects are eligible for up to $5,000. Learn More