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Funded, yearlong teacher residencies save money and improve schools. To fund every new teacher in New York at a rate of $20,000, the total cost would be $440,000. Within 5-7 years, teacher turnover would reduce by two-thirds. Resource reallocation plus cost savings from retention would pay for most or all of the state's future needed teacher pool.
Education | Education Economics | Higher Education | Teacher Education and Professional Development
Bank Street College of Education (2020). A Transformative Opportunity for New York State. . Retrieved from https://educate.bankstreet.edu/pt/1