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Monday, March 9, 2009

TEACH GRANT PROGRAM

TEACH GRANT PROGRAM

TEACH GRANT PROGRAM

NOTE: For the TEACH Grant Fact Sheet, click here.

Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. If, after reading all of the information on this fact sheet, you are interested in learning more about the TEACH Grant Program, you should contact the financial aid office at the college where you will be enrolled starting with the 2008-2009 school year.


 

Effective Dates

The first TEACH Grants will be awarded to eligible students for the 
2008-2009 school year.


 

Conditions

In exchange for receiving a TEACH Grant, you must agree to serve as a 
full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students (see below for more information on high-need fields and schools serving low-income students). As a recipient of a TEACH Grant, you must teach for at least four academic years within eight calendar years of completing the program of study for which you received a TEACH Grant. IMPORTANT: If you fail to complete this service obligation, all amounts of TEACH Grants that you received will be converted to a Federal Direct Unsubsidized Stafford Loan. You must then repay this loan to the U.S. Department of Education. You will be charged interest from the date the grant(s) was disbursed. Note: TEACH Grant recipients will be given a 6-month grace period prior to entering repayment if a TEACH Grant is converted to a Direct Unsubsidized Loan.


 

Student Eligibility Requirements

To receive a TEACH Grant you must meet the following criteria:

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