Stipend

Teach For India is committed to providing a monthly stipend to all its Fellows.  This stipend is meant to cover the personal needs of each cohort during their two years of teaching.  Additionally for those joining the Fellowship from outside of the Mumbai and Pune areas Teach For India provides transition expenses limited to general train fares. Furthermore, cohorts that do not have accommodation in their placement cities will be provided an additional housing allowance.

Beyond the cost of living stipend, Fellows are also compensated up to a predetermined amount, for certain expenses, such as internet, schools supplies, etc

Student Loan Deferrals

Teach For India currently has tied up with, State Bank of India, Union Bank and Axis Bank for deferring the monthly repayment on Fellow’s student loans.  These banks have offered several options for deferral from a full loan deferral for two and half years, to principle repayment deferrals. The banks will evaluate individual applications for loan deferrals. Teach For India is working towards adding more banks to this list.

Zero Interest Loans

Teach For India understands that in some exceptional cases, a Fellow might not be able to make ends meet on the monthly stipend due to family or medical reasons. In such cases, Teach For India will offer zero interest loans, which will need to be paid back by the Fellow once they start working.

Paid Sabbaticals

Given that several cohorts are young professionals that are taking a break from their careers to teach for two years, Teach For India has tied up with certain corporations who allow their employees to take a sabbatical to teach. These companies have agreed to hold their position until the end of the Fellowship and some even pay their salaries while they are Teach For India Fellows.