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Pre-heat the oven to 350 degrees Fahrenheit. Cut the bread into cubes. Place in a large bowl and set aside.
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In a separate bowl, beat the eggs.
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Add the milk, vanilla, sugar, and cinnamon. Mix to combine.
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Pour the custard over the bread cubes. Toss until all of the bread is covered. Let sit for 15 to 20 minutes.
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Transfer the soaked bread to a greased 8x8 baking pan. Add the chocolate chips and dried cranberries on top. If you’d like, add a sprinkling of sugar.
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Bake for 35 to 40 minutes or until lightly golden brown and a toothpick comes out clean.