Answered By: Tiffany Beverly Last Updated: Jan 23, 2017 Views: 358
The Federal TEACH Grant Program is a non-need-based program that provides grants of up to $4,000 per year to graduate students enrolled in an eligible program, as defined by Walden University. Students must intend to teach full-time in high-need subject areas at schools that serve students from low-income families. Recipients of a TEACH Grant must teach for at least 4 years (within 8 years of completing the college program for which the TEACH Grant was awarded). Graduate students may receive up to 2 years of grant funding for a total of $8,000.
Students enrolled less than full time will have their TEACH Grant award reduced according to a schedule established by the U.S. Department of Education. In addition, the amount of the TEACH Grant is considered in the financial award determination process since the combination of the grant and other financial aid cannot exceed a student’s cost of attendance. In other words, receiving a TEACH Grant may reduce the recipient’s eligibility for other sources of financial aid.
If a student awarded a TEACH Grant either (1) fails to complete the teaching service obligation, (2) ceases enrollment in an eligible program for which the TEACH Grant was received, or (3) does not meet any other requirement as defined by the Department of Education, the grant will convert into a Federal Direct Unsubsidized Loan (Direct Unsubsidized Loan), with interest accrued from the date the grant was disbursed.
For more information on this topic, please contact The Office of Financial Aid at email@example.com