Monday, March 10, 2008

He Put His Money...

In Friday's NYTimes, TFA alumnus Zeke Vanderhoek talks about his new charter school opening in NYC this Fall. What makes this one so unique? Well, for starters, teachers earn a six-figure salary!

In this grand experiment, teachers will earn $125k/year while the principal (Vanderhoek) will only earn $90k/year. He'll have to earn the rest through bonuses based on school performance. And all of the school's funding is from public resources--no private subsidies here.

I think this is an incredible opportunity to show how increased teacher pay can attract the best from the top of academia to teach students from the lowest socio-economic strata. It's very exciting that this whole idea is finally being in place by a former TFA teacher.

I'll be very interested to hear how this school turns out--I'm expecting to see amazing results.
Published: March 7, 2008
A New York City charter school is promising to pay teachers $125,000, plus a potential performance bonus.

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