Teacher Education Assistance for College and Higher Education (TEACH) Grant

New grant effective for the 2008-09 academic year
For students who intend to teach in a public or private elementary or secondary school that serves students from low-income families
- You MUST teach for at least four academic years within eight calendar years of completing the program of study for which you received the grant.
- If you fail to complete the service obligation:
  - The entire grant will be converted to a Federal Direct unsubsidized Federal Stafford Loan, which you MUST REPAY.
  - You will be charged interest from the date the grant was disbursed.
Awards up to $4,000 per academic year
Undergraduate students may receive total of up to $16,000
Graduate students may receive total of up to $8,000

Eligibility requirements

In order to be eligible for this grant, you must:

complete the FAFSA (Free Application for Federal Student Aid);
be eligible for federal financial aid;
be attending a college that meets the program’s academic requirements and be currently completing, or plan on completing, coursework necessary to begin a career in teaching (graduate degree alternatives exist for teachers or retirees with experience in a teacher shortage area);
have a grade point average of at least 3.25 for each payment period;
score above the 75th percentile on an admissions test (such as the SAT, ACT or GRE); and
sign a statement certifying that you understand the terms of the grant and the terms of your teaching service requirements.