Financial aid comes in several forms:
• Scholarships and grants that are not repaid
• Loans (some may be forgiven after 5 years of service)
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Tuition, Scholarships & Financial Aid
All residents receive a $21,600 training scholarship (paid directly to you) which can be applied to tuition or used towards living costs.
Tuition, Scholarships & Financial Aid
As a resident, you will enroll a at DePaul University. Tuition is approximately $21,400 for one year. All residents receive a $21,600 training scholarship (paid directly to you) which can be applied to tuition or used towards living costs.
Earn a Master’s in one year
CTR Program Fixed Costs:
DePaul Tuition: $20,000 Student Fees (UPass, tech): $400 Texts (approximate, per quarter)
$200/quarter, $800/school year
FAQ: Americorps Segal Education Award
What is the Americorps Segal Education Award?
What are the eligibility requirements?
Also, a resident may not collect more than 2 (two) Segal Awards. If you previously served and received more than two Awards, you are not eligible.
How much is the Segal Award worth?
The Segal Award is worth the maximum amount for a Pell Grants offered in the same academic year. For SY2023, residents who served Three-quarters time (which is what the CTR serves) earn $6,495 when completing their entire term of service.
The Segal Award is prorated if you leave the CTR program early – once you are in service, you will earn some portion of your Award after you’ve completed at least 20% of your hours.
Is it true my other student loans will be eligible for forbearance during my term of service?
Will Americorps make an interest payment for me on the loans that are in forbearance while I serve in the program?
In many cases, yes, upon completion of service, Residents will be eligible for a payment made directly to loan servicers to cover the interest on the loans that have been in forbearance. That must be done through the MyAmericorps portal.
More information on Americorps and the Segal Award are available here.
FAQ: Federal TEACH Grant at DePaul University
What is the Teacher Education Assistance for College and Higher Education (TEACH) Grant program?
he TEACH Grants is administered through DePaul. Residents are eligible to apply for the TEACH grant but must be accepted into the program after an interview with DePaul staff. The amount varies, but the maximum is $4000 a year, paid by quarter. CTR Residents who enter the program with a GPA of 3.25 or higher will also be eligible for the Summer 2022 term, for an additional $1,300 (approximately) for the program. The grant requires four (4) years of teaching in a high needs school, or the grant must be repaid. Information on DePaul’s TEACH grant is available here: Grants | Types of Aid | Financial Aid | Admission & Aid | DePaul University
What are the steps for applying and receiving the TEACH Grant?
To be apply for eligibility for the TEACH grant, residents must:
- Complete a FAFSA Form for SY22-23 AND SY23-24
- Complete, sign, and submit the TEACH Grant forms at DePaul University to DePaul Financial Aid
- Complete, sign, and submit the online Agreement to Serve (ATS). FSA login required.
- Complete TEACH Grant Entrance Counseling requirement. FSA login required
- Watch the TEACH Grant Teaching Obligations webstream
- Watch the TEACH Grant Potential Repayment Obligation webstream
How much is the TEACH Grant worth?
The grant is paid out in the fall, winter and spring, with a maximum of $4,000 available per academic year.
What are the service requirements to receive the TEACH Grant?
- Residents agree to serve as a full time teacher in a high needs field in a school that serves low-income students.
- Residents agree to teach four (4) academic years within the eight (8) calendar years after graduation from your licensing program.
- Upon graduation from your licensing program, Resident TEACH Grant recipients must submit annually showing they have completed a year of qualifying teacher service or their intent to meet the requirements of the TEACH Grant.
What other requirements for application are there?
- Residents must have had a cumulative GPA of 3.25 or higher in your last academic degree program.
- To continue receiving the TEACH Grant during the academic year, a cumulative 3.25 GPA must be maintained.
- All courses registered for and taken in the degree program must issue a letter grade. No pass/fail course grades are allowed.
Important TEACH Grant information to consider:
Please be aware that the Federal TEACH grant has the potential of turning into a Federal Unsubsidized LOAN. You need to be committed to teaching in a high-need subject area in a school serving low-income students. If you are unsure about this commitment, you should contact DePaul Central to discuss other aid resources.
IMPORTANT: If you fail to complete this service obligation, all TEACH Grant funds that you received will be converted to a Federal Direct Unsubsidized Loan. You will repay this loan to the U.S. Department of Education incurring interest from the date the grant(s) was disbursed.