Planning for the School Year: TNTP Academy-Arizona

Upon entering the classroom as a full time teacher, Fellows and Teach For America corps members collect the same salary and are paid on the same schedule as other first year teachers in the district. The school year also marks the transition from your summer training through your program to TNTP Academy-­Arizona participation, and tuition payments begin at that time. TNTP Academy-­Arizona tuition rates are highly competitive with other alt-­route programs in the area, yet the accelerated timeline of our program makes you eligible for professional certification at the end of your first year in the classroom.

   

 

 

   

Planning for the Financial Transition

Congratulations on beginning your certification pathway with TNTP Academy-­Arizona! Our rigorous training and professional development program is designed with a single purpose: to ensure that you enter the classroom and raise student achievement from the very first day of school, and to equip you with the knowledge and skills you need to steadily improve your teaching practice throughout your first year in the classroom. The life of a first year teacher is incredibly rewarding, but also can be demanding and stressful at times. Begin planning for the financial responsibilities of your teaching program participation now, so that, during the summer and the coming school year, you can focus on your development into an effective teacher and raising student achievement for everyone in your classroom, instead of your finances.

Key Dates  

Enrollment Payment Date: May-­June (upon enrollment)

Seminar Registration Payment Date: June 28, 2013

Enrollment Documentation Submission Date: June 28, 2013

First Tuition Payment Date: October 1, 2013

   

TNTP Academy Enrollment Period:

Seminar Registration and Materials Fee: $303* *One time administration and materials fee to register for your subject area

Seminar

Payable to the TNTP Academy-­Arizona via PayPal

www.paypal.com

Payment email address:

payments@arizonateachingfellows.org  

Enrollment Documentation:

TNTP Academy-­Arizona participants must submit all documentation required by Arizona Teaching Fellows and the Arizona Department of Education. Documentation includes:

Signed Commitment Form Signed Program Handbook Signed Tuition Agreement Official Transcript from Undergraduate Institution Official Score Report for AEPA, NES Test, or Praxis Copy of Current Driver’s License, Passport, or State Issued ID Card Copy of Social Security Card Copy of Arizona Fingerprint Clearance Card with IVP Number Proof of SEI Course Completion   3 Letters of Professional Reference   Copy of Teaching Intern Certificate (issued July 2013)  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more information, please contact info@arizonateachingfellows.org.  

Additional Resources:

Arizona credit unions offer a number of personal loans for education and professional development expenses. These loans are available at competitive, low-­interest rates across several months, depending on the terms and conditions of the loan. Below is a list of Arizona credit unions for participants to explore loan options.

(Please note: TNTP Academy-­Arizona is in no way affiliated with these

institutions.)

Altier Credit Union: http://www.altiercu.org/home/rat/per#personal

AEA Federal Credit Union (Yuma): http://www.aeafcu.org/loans.html

Arizona State Credit Union: https://www.azstcu.org/loans/index.shtml

Membership at a credit union requires that you are currently living in Arizona. TNTP Academy Arizona tuition payments do not begin until October 1, 2013, providing participants ample time to apply for appropriate loans. TNTP Academy Arizona will provide letters of program enrollment as requested by lenders. Please contact the TNTP Academy Arizona office to request a program letter.

Best Practices

· Review your living expenses and

create a realistic budget. Planning is the cornerstone of effective teaching, so start practicing by planning for the financial transition.

· Start saving now. Set aside as much of your current paycheck as you can to help with living expenses over the summer, so you can avoid accumulating credit card debt.

· Research short-­term part-­time job

opportunities. You won’t have time once summer training begins, but bringing in extra income now will help you through the summer when you aren’t collecting a paycheck.

· Contact your student loan provider. If

you’re concerned about your student loans, reach out to your loan provider now to see if you’re eligible for deferral or forgiveness based on your participation in a teacher-­prep program.

· Investigate loan options. Contact

your bank or credit union to see if you qualify for a low-­interest loan to assist with your expenses during your first year in the classroom.

· Contact your credit card company to

see if you can negotiate a lower interest rate.

Keep in Mind

TNTP Academy-­Arizona tuition isn’t tax-­deductible but we can provide documentation of payments received and TNTP’s federal tax ID for you to share with a tax professional.

Real Numbers… What Does Tuition Look Like for Me?

Total Tuition = $6,500

Number of Monthly Payments = 10*

Monthly Tuition Payment = $650

Average Starting Salary = $32,000

Average Starting Salary (after taxes) = $22,608 Assuming a single filing status and 1 federal exemption**

Estimated number of paychecks = 22

Approximate monthly income = $2055 (assumes 2 paychecks per month)

Approximate monthly income minus TNTP Academy-­Arizona

tuition payment = $1405

*Participants may apply for an extended payment option with a 16 month payment plan.

Participants may also pay in full and receive a reduction in payment.

**Resource for calculating your salary after taxes:

http://www.surepayroll.com/calculator/calc_paycheck_netpay.asp