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, after reading all of the information on this fact sheet,
you are interested in learning more about the TEACH Grant Program, you
should contact the financial aid office at the college where you will
be enrolled starting with the 2008-2009 school year.
Effective Dates
The first TEACH Grants will be awarded to eligible students for the
2008-2009 school year.
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 (see
below for more information on high-need fields and schools serving low-
income students). 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. You will be charged interest from the date
the grant(s) was disbursed. Note: TEACH Grant recipients will be given
a 6-month grace period prior to entering repayment if a TEACH Grant is
converted to a Direct Unsubsidized Loan.
