EEI will provide you with $10,000 to pay tuition, mandatory fees or living expenses during your year in the Chicago Teacher Residency Program.

Once you have applied and signed the ISA contract you will receive monthly payments beginning on July 1st, 2018 and continuing through June 1st, of 2019.

In return for $10,000 of funding you will pay 4.5% of your income to Education Equity, Inc. for five years starting in September of 2019.

There are certain limits on your payments: If you earn less than $25,000 in a year, there is no payment. If you earn more than $75,000 in a year you do not make payment on the amount over $75,000.