The TEACH Grant
The Teacher Education Assistance for College and Higher Education Grant Program, or TEACH Grant, is another federal educational grant that is brought to you by the Department of Education.
It can provide students with 4,000 dollars of aid during each of their four years of undergraduate study, with eligibility being heavily based on academic performance and a willingness to serve as a teacher for lower income students upon graduation.
Some key points with regard to the TEACH Grant:
- Provides up to 4,000 dollars of aid during each year of undergraduate study.
- Students must complete the FAFSA in order to become eligible.
- Students must be enrolled in an appropriate curriculum at an institution that participates in the TEACH Grant program.
- Students must achieve academically by maintaining at least a 3.25 gpa, or be able to score above the 75th percentile on certain college admissions tests.
- The willingness of the student to sign a statement that they are willing to serve as a teacher for students that come from low income families upon graduation. This is called the TEACH Grant Agreement.
- Failure to serve as a teacher post graduation will result in the TEACH Grant aid being converted over to a Federal Direct Unsubsidized Stafford Loan, which will accrue interest beginning from the first disbursement date of the grant.
Final Words on the TEACH Grant
This one is fairly unique in that the student must make a strong commitment to teach after graduation in order to become eligible. The important thing to keep in mind is that the student will have to pay back their aid via an Unsubsidized Stafford Loan if they don’t live up to their obligation to teach upon graduation.
The bottom line is that only students who are serious about teaching should think about receiving this award, as at least four years of serving as a teacher for students who come from lower income families must be accomplished to satisfy the original teaching agreement.