Houston CM financial Guide 2023
Houston CM financial Guide 2023
Embedded Files
Financial supports available to you as you transition to the corps
2023 CM Financial Support & Transition Overview
Teach For America wants to make your transition to the corps as seamless as possible.
Whether you are transitioning from college or another career, already live in Houston or are moving from another city or state, there are costs associated with joining Teach For America that you are responsible for.
We encourage you to review the expected costs guide, attend at least one community session with The Beans, plan out your budget using our transitional budget template or The Beans template, review your financial supports and determine your financial plan based on these factors. Your plan may include saving, determining if you have access to financial support via your personal support network, or leveraging additional financial support resources from Teach For America.
By providing baseline transitional financial support and need-based opportunities, we hope to assist you in meeting your essential living needs, so that you can focus on training and student impact.
For details regarding financial supports and transitions timelines and processes, please thoroughly read through the different opportunities in the financial supports overview and financial transition overview.
Financial Supports & Financial transition Overview
Financial Supports & Financial transition Overview
START HERE for details regarding financial supports and transitions timelines and processes. We recommend that you thoroughly read through the different opportunities in the financial supports overview and financial transition overview document.
FINANCIAL RESOURCES
The Beans - Money + Life balance
The Beans - Money + Life balance
Monthly Community Sessions | 3:30 - 4:30 PM CST
January 12 - February 9 - March 9 - April 13 - May 11
Teach For America Houston is happy to announce our Partnership with The Beans! The Beans is a financial care company founded by a TFA Alum and they have partnered with us to support your transition to Houston as you begin Pre-Service work in May.
If you are accepting your stipend from Teach For America, you will be required to complete a Summer Financial Plan worksheet and attend The Beans Workshop during summer training.
Monthly Community Sessions
The Beans is also providing optional Community Sessions the second Thursday of every month so that you can start preparing your finances, brainstorm your plan, or just ask general questions of a financial advisor and coach.
Registration Link: Monthly Community Sessions
To get started, follow this link to the Summer Financial Plan worksheet, once you submit it, you will have the option to save your Plan as a PDF. Do so and then email it to HouConnect@teachforamerica.org Then join The Beans on Thursday December 8th to ask questions about setting yourself up for success this summer and beyond.
FINANCIAL SUPPORTS
transitional financial support
transitional financial support
What IT IS: One-time financial stipend
$5,000 Baseline for all 2023 corps members
$10,000 Baseline for corps members who received/qualified for Pell grant or DACA recipients
WHAT IT’S USED FOR:
Moving and housing as you transition to your region
Testing, hiring, and certification costs
Ongoing housing and essential living expenses from the start of pre-service to your first paycheck date
TIMELINE FOR DISBURSEMENT:
Disbursed over the course of Pre-Service (late Spring/Summer)
APPLY:
No application needed
Need-based financial support
Need-based financial support
What IT IS: Designed to give those corps members with greater financial need additional support prior to receiving their first paycheck.
WHAT IT’S USED FOR:
Moving and housing as you transition to your region
Testing, hiring, and certification costs
Ongoing housing and essential living expenses from the start of pre-service to your first paycheck date
APPLY:
In the Applicant Center, after the notification offer
Email grantsandloans@teachforamerica.org with questions
Black educatiors promise (BEP) grant
Black educatiors promise (BEP) grant
What IT IS: One-time, donor-backed grant for corps members who self-identify as Black educators.
One-time $600 grant
Disbursed during Pre-Service (summer)
WHAT IT’S USED FOR:
Any expenses during transition to service or at the corps member's discretion
APPLY:
For more information, reach out to your Onboarding Cordinator or email HOUconnect@teachforamerica.org
AmeriCorps: Segal Education Award
AmeriCorps: Segal Education Award
Teach For America Houston is a proud AmeriCorps partner.
What IT IS: The AmeriCorps Segal Education Award is federal funding that goes directly to eligible corps members to help pay off student loans, or pay for future educational expenses. AmeriCorps benefits also include the ability to put qualified loans into forbearance, and the interest on loan payments that accrue during service may be eligible for repayment by AmeriCorps during the service term.
Approximetly $6,000
WHAT IT’S FOR:
The Segal Education Award can only be used toward:
Repayment of qualified students loans
Payment of current or future educational expenses
TIMELINE FOR DISBURSEMENT:
The Segal Education Awards are distributed to eligible corps members at the end of each successful year of teaching, typically in late July.
NEXT STEPS:
To begin the enrollment process, please go to the Applicant Center to upload your verification documents. You will find the list of acceptable documents in the Applicant Center, as well.
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