Students who plan to teach may wish to consider the TEACH Grant, a federal program that began in 2008-2009. The TEACH Grant Program provides up to $4,000 per year ($16,000 total for an undergraduate program; $8,000 total for graduate studies) in non-need based grants to full-time students who plan to teach full-time in high-need subject areas at schools serving students from low-income families. Grant recipients agree to teach for at least four full years within eight years of finishing their teacher preparation program, and to teach high-need subjects in designated schools that serve low-income students.
Students who are considering accepting a TEACH Grant should do so carefully and should be aware that there may be serious financial consequences to this decision. If a TEACH Grant is disbursed to a student, but the student later does not fulfill the teaching service requirements, the amount of money awarded as a TEACH Grant becomes a loan to be repaid with interest (at the same rate as the federal Unsubsidized Stafford Loan), and the interest is compounded from the time the grant was initially disbursed.* Once the grant has been converted to a loan, it cannot revert back to a grant. Once TEACH Grant recipients have left the University, they must file an annual certification of their status. The certification can be found here: TEACH grant.
Schools serving low-income students include any elementary or secondary school that is listed in the Department of Education’s Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits. High-need subject areas are defined as follows:
A TEACH Grant recipient who is called or ordered to active military duty (or his or her representative) may request a suspension of the eight-year teacher service period in one-year increments, not to exceed three years.
A TEACH Grant recipient may qualify for a proportional discharge of the teaching obligation based on the number of years the recipient has been called or ordered to active military duty.
To obtain the discharge, the recipient or his or her representative must provide to ED a copy of official military orders and military identification AND a written statement from a commanding or personnel officer certifying that the recipient is on active duty in the Armed Forces, the date when service began, and the date the service is expected to end.
Students interested in receiving the TEACH Grant should contact the Financial Aid Office via e-mail at email@example.com to request an evaluation of their eligibility for the grant.