TEACH Grants

The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program. It is a program in which you'll be required to teach for a certain amount of time. To know more about this grant read this blog.

Posted by Akshay Nair P R on 21st May 2018

TEACH Grants

A Teacher Education Assistance for College and Higher Education (TEACH), is different from other federal grants as this grant you are required to take certain kind of classes in order to get the grant, and they need to keep teaching after they complete their graduation in order to not let the grant turn into a loan.

This grant provides up to $4,000 a year who are pursuing or planning to pursue a course in teaching.


Eligibility

  • Complete the FAFSA

  • Should be enrolled in an undergraduate, post-baccalaureate, or graduate program at a school that participates in the TEACH Grant Program.

  • GPA: 3.5 or above

  • Sign a TEACH grant agreement to serve


TEACH Grant Agreements

As you are receiving the teach grant you are required to sign a TEACH grant agreement to serve according to that you must teach:

  • In a field where the need is high

  • At an agency that serves students from low-income families

  • For 4 years within 8 after completing your course of study for which you received grants

  • If you do not complete your service obligations according to the TEACH Grant, then your Grant fund would be converted to a Direct Unsubsidized Loan


What are high-need fields?

These are the fields where there's always an increased demand for teachers as these topics are always in trend and high demand such fields are:

  • English Language

  • Mathematics

  • Foreign Language

  • Reading Specialist

  • Science


How much does it pay?

  • Between October 1, 2016, to September 30, 2017

Full-time

$1,862.00

$3,724.00

3/4 time

$1,396.50

$2,793.00

1/2 time

$931.00

$1,862.00

< 1/2 time

$465.50

$931.00

 

  • Between October 1, 2017, to September 1, 2018

Enrollment Level

Semester Amount

Annual Amount

Full-time

$1,868.00

$3,736.00

3/4 time

$1,401.00

$2,802.00

1/2 time

$934.00

$1,868.00

< 1/2 time

$467.00

$934.00


Summary of TEACH Grant from 2008 to 2017

Years

Number of Institutions Disbursing Funds

Total Funds Disbursed

Number of Grant Recipients

2008-09

501

$37,329,985

11,820

2009-10

731

$95,774,525

30,674

2010-11

802

$120,171,176

38,468

2011-12

803

$117,873,150

37,972

2012-13

785

$94,150,755

32,377

2013-14

791

$96,513,421

32,937

2014-15

780

$81,351,421

28,468

2015-16

774

$89,427,922

30,816

2016-17 (Q3, YTD)

742

$72,021,711

26,334

Total

 6709 $804,614,066 2,69,866

 Conclusion

The Teacher Education Assistance for College and Higher Education Grant program has helped a lot of people who wants to become a teacher.

According to this grant, they don't have to pay for their educational expenses and thus they can opt for the best college.

These Graduates later impart their knowledge to students who are not able to afford a high-quality education.


FAQ

  1) Is the teach grant a taxable income?


It is a non-taxable income. Any educational expenses paid with non-taxable scholarships or grants do not qualify as educational expenses paid by you for purposes of Education Tax Credits. 

  2) Are student loans forgiven for teachers?


If you are working as a full-time teacher for 5 years or more n a low-income school or educational service agency, and meet other qualifications, you may be eligible for forgiveness of up to $17,500 on your Direct Subsidized and Unsubsidized Loans.

  3) Can a teacher receive forgiveness for PLUS loans or Federal Perkins Loans?


These PLUS loans for parents and graduate or professional students aren’t eligible for this type of forgiveness.

  4) Is this grant offered as year-round or only on a specific time of the year?


This grant can be year round if the student has not used their annual limit in the fall and spring. 

  5) What is the downside of this grant?


The only downside of this grant is that if you are not able to fulfil the conditions the grant would convert into a loan with interest accruing from the disbursement of each grant received