The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program 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. 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 school that serves low-income students. 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. If you fail to complete the service obligation then all amounts of the TEACH Grant 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 including interest from the date the grant(s) were disbursed.
*TEACH Grant funds may be subject to reduction as a result of federal sequestration.