Program Costs

The ARC Program is supported mostly by student tuition. Tuition for the 2012-13 ARC Program is $3,975. Textbooks and other supplies average $500. A non-refundable application fee of $75 must accompany the completed application (or a $50 fee to reactivate an existing file). If an applicant is admitted, a non-refundable deposit of $500 is required to guarantee a spot in the program, and this $500 is deducted from the cost of tuition. The remaining tuition must be paid prior to the start of the program.

Veterans Benefits

Connecticut tuition waivers for veterans may not be used to cover the costs of the ARC Program. However, applicants who are eligible for VA education benefits should contact ARC immediately after admission to certify their enrollment with the VA (www.gibill.va.gov).

Active Duty and Retired Military TROOPS TO TEACHERS

Troops To Teachers is a federal program that helps eligible military personnel begin new careers as teachers in public schools where their skills, knowledge and experience are most needed. The program provides eligible participants with financial assistance up to $5,000 to reimburse the costs associated with becoming certified to teach if the participants agree to teach for three years in a school located in a high-need district. An additional bonus is available to those who agree to teach for three years in a school that serves a high percentage of students from low-income families. The program also offers job referral and placement assistance.

To learn more about the program, contact New England Troops To Teachers office at 888/463-6488, or at nnettt@main.edu. You also may consult the national Troops To Teachers website at www.ProudToServeAgain.com.

CHESLA Loans

Loans provided by the Connecticut Higher Education Supplemental Loan Authority are available for accepted ARC candidates to assist with the cost of tuition. Complete information about the CHESLA Loan is available at www.chesla.org. Here are some features about this loan:

• Applicants who have been accepted into an ARC 2012 program should apply for the CHESLA loan immediately after receiving their acceptance letter. Please refer to the Key Dates in the back of the ARC catalog to determine when you should begin your CHESLA application.
• Fixed interest rate loan disbursed directly to the ARC Program.
• Interest only payable while student is in the ARC Program and for a six-month grace period after the completion of the ARC Program.
• Fee is limited to a three percent reserve fee, paid from proceeds of the loan.
• A student and co-applicant(s) (if any) must be credit worthy, as determined by a commercial credit report. Credit reports requested by CHESLA are valid for 60 days from the start date of the application.
• A student and co-applicant(s) (if any) must have monthly installment payments amounting to 40 percent or less of monthly gross income.
• A student and co-applicant(s) (if any) must have a minimum of $20,000 gross annual income. There is no maximum income requirement.
• The ARC Program must certify the student's enrollment and cost of tuition. (After an application is approved for credit worthiness, the loan servicer will send the ARC Program a certification form.)