Congratulations to you on your commitment to The Chicago Teacher Residency Program.
This academic year, 2019-2020, there is a new funding program designed especially for CTR candidates. In addition to the Stipend provided by AUSL all candidates are eligible for additional funding of $12,000 to help them meet the full cost of attendance. The additional funding is provided by Education Equity, Inc. It is not debt, it is not a loan. The funding is an equity investment in your future that comes in the form of an Income Sharing Agreement (ISA)
EEI offers equity funding as an alternative to debt funding. Equity funding means your payback in future years is always tied directly to your ability to pay. Your obligation is a fixed percentage of your income: low income means low payment, high income means higher payment and NO income means No payment. Unlike a traditional lender, EEI shares the risk of your career earnings with you. Our interests are totally aligned with yours.
Are you interested? Click below and learn more.