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FINANCIAL
What is the net cost of the program?
- Residents cover application fees, books, and other student fees for the M.A. from the University of Denver's (DU) Morgridge College of Education.
- Additionally, there are some initial costs associated with applying to and being accepted into the program. The table below outlines the different costs you should expect to assume should you decide to apply and if you are accepted into the program. Please note that this is an estimate only and is not to be considered an exact calculation of the costs associated with the Denver Teacher Residency.
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Initial Application Expenses
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PLACE Registration Fee
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$95
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PRAXIS II Registration Fee
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$80
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DU Application Fee
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$60
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Additional Program Expenses
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DU Registration Deposit*
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$300
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CDE Substitute Teaching License Fee*
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$99.50
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*Fees are only necessary if you are accepted into the program.
Is there financial compensation during the Residency year?
- Yes, Residents receive a $10,000 stipend disbursed in ten monthly payments of $1,000.
What is the cost of the M.A. from DU?
- The cost of tuition for the entire master's degree is approximately $25,000. DTR will assist in providing access to financial support.
- Residents may take out a federally guaranteed Stafford loan in order to pay the tuition.
- Residents may take up to $20,500 in Stafford loans per academic year. The MA coursework will span two academic years, enabling program participants to take out loans that exceed the cost of tuition.
- Stafford Loans are federal student loans made available to college and university students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Stafford loans regardless of credit. A portion of the loan may be federally subsidized, meaning interest and payments are deferred until six months after graduation. The remaining portion is not federally subsidized, meaning interest will be accrued during the time the student is enrolled at DU. Payments, however, are still deferred until six months after graduation. DTR will not reimburse any interest accrued on a loan used to pay for tuition.
- Subsidized loans are awarded based on financial need. Of the $20,500 available per academic cycle, up to $8,500 may be federally subsidized.
- During Years Three through Five of the program, DTR will partially reimburse the Resident for tuition costs that have not been met through other means.
Do Residents have access to health care?
- Yes, Residents can access health care through University of Denver.
- As a resident and graduate student at DU, you have the option to enroll in DU's Student Health Insurance Plan (SHIP) through United Healthcare. Enrollment in DU's Student Health Insurance Plan (SHIP) is optional. Residents may choose to go without health insurance, or select an alternative insurance of his/her choice.
- For complete details regarding coverage and fees associated with SHIP and DU-related health care, please review the HCC Graduate Handbook and the DU SHIP Brochure.
What types of financial assistance is available to prospective Residents?
- DU offers financial counseling to advise Residents about available loans and how to apply for loans for which they qualify.
What is the potential salary for a teacher after the Residency year is completed?
- Residents who successfully complete the residency year can earn a starting annual salary of approximately $38,000- $41,000 with the ability to earn up to $8,000 in bonuses for achieving student growth objectives and continued professional development.
How do I fill out the FAFSA?
- The FAFSA form must be completed online.
- Completing a FAFSA is not part of the application process, and must only be completed once an applicant has been accepted into the program.
Can I get help filling out the FAFSA?
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