New teaching fellowships modeled after Rhodes Scholarships

Beginning in 2009, top students can receive $30,000 stipends to attend graduate education programs at Stanford, the University of Pennsylvania, the University of Virginia or several others in return for a commitment to teach for three years in low-income schools. Philanthropists hope the $17 million program will attract more top students to teaching as well as help overhaul teacher education in general. The New York Times, Education Week (premium article access compliments of Edweek.org), The Washington Post