The TEACH Grant Program awards grants to students who intend to teach. In turn, you must agree to serve as a full-time teacher in a high-need field in a school serving low-income students for at least four academic years within eight years of completing the program of study for which you received the grant. If you do not complete your service as a teacher, the grant will convert to a loan.
Note: Failure to meet TEACH obligations transitions the grant funds into a loan. As a result, TEACH Exit Counseling is required upon completion of your degree or after you drop below half-time enrollment. Take a Tour of TEACH Exit Counseling.
On August 2, 2011, Congress passed the Budget Control Act of 2011, which put into place automatic federal budget cuts, known as a “sequester.” These budget cuts have resulted in a reduction of TEACH grant funding. For additional information on the impact of the sequester and TEACH grant amounts, please visit: studentaid.ed.gov/sequestration.
You must work in one of the following high-need fields:
You must be enrolled in a qualifying Regent program:
You must work in a school serving low-income students.
Schools serving low-income students include elementary or secondary schools listed in the Department of Education’s Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits.
You must plan to teach full-time in a school serving low-income students for at least four out of eight years once you complete your program at Regent.
If you meet all of the above requirements, you may be eligible for a TEACH Grant. The TEACH Grant Program will provide up to $4,000 a year in grant aid. Eligible undergraduate students may not receive more than $16,000, and graduate students may receive no more than $8,000 in total TEACH Grants. Students enrolled less than full-time will have their TEACH Grant reduced accordingly: three-fourths time $3,000; half-time $2,000; less than half-time $1,000. The amount of the TEACH Grant awarded when combined with other student aid may not exceed a student’s Cost of Attendance (COA). Students must agree to serve as a full-time teacher at low-income schools and teach in the above referenced fields for four academic years within eight years after completing the college course. TEACH Grant recipients who do not fulfill their teaching obligations must repay the grant as if it were an unsubsidized direct loan.
Once you complete the TEACH entrance counseling and the Agreement to Serve, and assuming you meet all other requirements, the TEACH Grant will be awarded to you.
You must respond promptly to any requests for information or documentation from the U.S. Department of Education, even if they seem repetitive. These requests will be sent to you while you are still in school as well as once you are out of school. You will be regularly asked to confirm that you either still intend to teach or that you are teaching as required. You must provide documentation to the U.S. Department of Education at the end of each year of teaching.
If you temporarily cease enrollment in your program of study or if you encounter situations that affect your ability to begin or continue teaching, you will need to stay in touch with the U.S. Department of Education to avoid your grants being converted to loans before you are able to complete your teaching obligations.
Failure to complete the teaching obligation, respond to requests for information or properly document your teaching service will cause the TEACH Grant to be permanently converted to a loan with interest accruing from the time of disbursement. Once a grant is converted to a loan it cannot be converted back to a grant.
For additional information on how to obtain a TEACH Grant while at Regent University, contact Central Financial Aid at 757.352.4125. For more information about the requirements associated with the TEACH Grant, see www.teachgrant.ed.gov.