In recent decades, several novel approaches to teacher preparation have emerged to challenge the dominance of university-based programs. Included in those approaches are two well-publicized, but little-researched phenomena: new graduate schools of education (nGSEs) and fully online teacher preparation. Drawing on data generated from a comprehensive qualitative case study of one institution, this article offers a theorized profile of teacher preparation at the intersection of these two phenomena. Based on a systematic analysis, it details the conceptualization and enactment of teacher preparation at TEACH-NOW Graduate School of Education, a fully online nGSE.