What is a TEACH Grant?
The TEACH Grant Program
provides grants of up to $4,000 a year to students who are completing or
plan to complete course work needed to begin a career in teaching.
Due to
sequestration, award amounts for any TEACH Grant that is first
disbursed on or after Oct. 1, 2014, and before Oct. 1, 2015, must be
reduced by 7.3 percent from the award amount
for which a recipient would otherwise have been entitled. Any TEACH
Grant that is first disbursed on or after Oct. 1, 2015, and before Oct.
1, 2016, must be reduced by 6.8 percent. For example:
- For any 2015–16 TEACH Grant first disbursed on or after Oct. 1, 2014, and before Oct. 1, 2015, the maximum award of $4,000 is reduced by 7.3 percent ($292), resulting in a maximum award of $3,708.
- For any 2015–16 TEACH Grant first disbursed on or after Oct. 1, 2015, and before Oct. 1, 2016, the maximum award of $4,000 is reduced by 6.8 percent ($272), resulting in a maximum award of $3,728.
As a condition for receiving a
TEACH Grant, you must sign a TEACH Grant Agreement to Serve in which you
agree to (among other requirements) teach
- in a high-need field
- at an elementary school, secondary school, or educational service agency that serves students from low-income families
- for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant.
IMPORTANT: If you do not complete your service obligation, all TEACH Grant funds you received will be converted to a Direct http://nerobkhondoker.blogspot.com/ You must then repay this loan to the U.S. Department of Education, with interest charged from the date the TEACH Grant was disbursed (paid to you or on your behalf).
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