TEACH Grant Program - Teacher Financial Aid

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 you are interested in learning more about the TEACH Grant Program, please review the following information, print and complete the Teach Grant Eligibility Documentation and bring it to the Department of Financial Aid at your campus location.

NOTE - this is only the first of a 3-step application process.

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.
(Annual Teacher Shortage Area Nationwide)

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 and you will be charged interest from the date the funds were disbursed. See the sample repayment table at the end of this page.

Examples of High-need Fields of Study

• Bilingual Education
• English Language Acquisition
• Foreign Language
• Reading Specialist
• Science
• Special Education

Schools Serving Low Income Students
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.

How to Apply
(both steps must be completed each year prior to receiving your first disbursement)

1. Complete and submit the Teach Grant Eligibility Documentation to the Department of Financial Aid at your campus location.
2. Complete the Department of Education's online TEACH Grant counseling and Agreement to Serve (ATS) by clicking here.

Sample Repayments

	If interest paid before entering repayment	If interest is not paid and it is capitalized
TEACH Grant Amount	$16,000	$16,000
Accrued Interest at 6.8%	$7,708	$7,708
Principal to be Repaid	$16,000	$23,708
Standard Repayment	$184/month	$273/month
Number of Payments	120	120
Total Amount Repaid	$22,095	$32,740