Transitional Financial Support

At Teach For America, we believe a commitment to equity means providing our corps members with the support and resources they need to focus on what matters—student impact. That’s why we’ve expanded our Teach For America Corps Member Financial Support to cover more contingencies and provide more assistance than ever. Because the less you have to think about money, the more you get to think about changing students’ lives.

To help bridge the gap in transitioning to the corps, all incoming corps members will receive Transitional Financial Support in the amount of $5,000. These funds are offered to help cover expenses as you engage in your summer training and for start-up costs in the region. For the 2022 and 2023 corps, our Pell* or DACA+ recipients will receive a baseline transitional support of a $10,000 grant.

Please review this one-pager to learn more about the full financial package offered this summer.

Need-Based Financial Support 

As you plan to join us, if you have concerns about your finances as you plan for your move please check out the Need-Based Financial Support FAQS.

               Note about Transitional Funding Information 

• • If you need part of your award package before you start summer training, you can apply for early disbursal of a limited part of your Transitional financial support grant and a limited part of your need-based loan. SEE BELOW.

Black Educators Promise Award

In 2020, TFA launched an initiative called Black Educators Promise (BEP), a five-year grant to specifically invest in retaining Black educators teaching in our network beyond their two-year commitment and into a 3rd and 4th year. As part of this initiative, TFA provides direct-to participant BEP Grants, awarding $600 to each Black incoming TFA corps member and $1000 to 2nd-year corps members who commit to teaching a 3rd year in a predominantly low-income school. 

Early Disbursal

All applicants are eligible to receive a portion of their Transitional Financial Support Stipend amount, as determined by their region. Every ICM who applies qualifies for at least $500 of their Transitional Stipend. You can see the total amount for your region in this list.

Please note that the amount of Early Disbursal Transitional Financial Support Stipend you receive will be deducted from the Stipend you were originally offered for the summer.
So if you were offered a $5,000 Stipend, and receive a $500 Early Disbursal Stipend, you will be issued a $4,500 Stipend during Pre-Service Training.

You are also able to apply for more than this amount, which, if approved, will also be deducted from your Transitional Financial Support Stipend. All early disbursal will be in the form of a grant.

TFA Phoenix is committed to ensuring that these onboarding/certification costs do not serve as a barrier that prevents corps members from being able to matriculate. Corps members who are in unique financial situations may qualify for reimbursements for some of these costs. To see if you qualify please contact Bri (Bri.Brawley@teachforamerica.org) or Tony (Tony.Best@teachforamerica.org).

Preview Below 

Salaries range from $37,000 to $52,000 for new teachers in Phoenix. This year our corps’ average salary was $44,500. Corps members are independently hired by local schools or districts. They are not paid by Teach For America. 

• • • Monthly Pre-Tax Salary: based on a salary of $44,500 

      • ~ $3,708 (if corps members opt to spread salary over 12 months)

      • ~ $4,450 (if corps members opt to spread salary over 10 months)

How do you decided?...Check out this FAQ provided by ASU's Financial Advising Team.

Contacts:

Questions about FAFSA and Federal Loans questions? Contact ASU Financial Aid

Questions about TFA Rates? Contact Jezabel Teston at jezabel.teston@asu.edu

Not sure who to contact? Email your Advisors at gradedprep@asu.edu and we will direct you accordingly

AmeriCorps + ASU Financial Timeline <TBD 2023 Corps>