Urban Teachers provides a $20,000 stipend during the residency year and covers the cost of the Johns Hopkins University School of Education healthcare, as well as the books and materials for the master’s program. Urban Teachers also covers the cost for room and board during the first summer of the program. After that, housing is the responsibility of the participant.
Urban Teachers and our higher education partner, the Johns Hopkins University School of Education, costs $40,000 in tuition that is paid in four equal installments over two years. The master's degree and the four years of training, coaching, and support are included in this fee. Individuals with prior student loans can likely put their loans into forbearance during the first two years. If a program participant voluntarily or involuntarily leaves the program early, there is no early exit fee or financial penalty. Depending on when you leave will determine whether or not you are eligible for tuition reimbursement if you leave before a semester is over. You would also work with the Johns Hopkins University School of Education to determine implications for any financial aid you received.
Urban Teachers participants also have access to federal loan forgiveness programs if they remain teaching in a high poverty (Title I) public school for five years (two additional years beyond the Urban Teachers commitment). (https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher)
Urban Teachers works with many school districts and charter management organizations that have some of the highest teacher pay in the nation, including pay for performance. This means that an effective teacher would more quickly move up the salary ladder. Starting salaries range between $47,000 and $51,000 in Baltimore, Dallas, and DC. Participants can make a great living as a teacher!