The U.S. Department of Education's Teach Education Assistance for College and Higher Education (TEACH) Grant Program provides grant funds to postsecondary students who are completing or planning to complete coursework that is needed to begin a career in teaching, and who agree to serve for at least four years as a full-time, highly qualified teacher in a high-need field, in a school serving low-income students. Eligible full-time students who have received the first disbursement of a TEACH Grant award on or before March 1, 2013 may receive $4000 per year in TEACH Grant funds, up to a maximum of $16,000 for undergraduates and post baccalaureate study, and $8,000 for graduate study. . Due to the sequester, rates were adjusted from March 2, 2013 through September 30, 2013. Regulations as of January 2, 2014 state eligible full-time undergraduate students who receive the first disbursement of a TEACH Grant on or after October 1, 2013, may receive $3964 for the year while graduate students may receive a yearly amount of $1982. Therefore, the maximum awards for undergraduates and graduates will be $15,857 and $7,928, respectively. The TEACH Grant is prorated for less than full-time enrollment.
TEACH Grant Eligibility
To be eligible for the TEACH Grant, you must:
Be a U.S. citizen or eligible non-citizen.
Complete a FAFSA, although you do not have to demonstrate financial need to be eligible
Complete TEACH Grant entrance counseling and sign a TEACH Grant Agreement to Service (ATS) each year.
Be enrolled in coursework or plan to complete coursework toward a career in teaching in a high-need subject area.
Have a cumulative GPA of at least 3.25 as a high school graduate and maintain that GPA throughout your academic program OR score above the 75th percentile on at least one section (English, math, reading) of a national standardized college admission test (SAT or ACT).
Must be enrolled in one of the appropriate Southern Miss degree programs and maintain at least a 3.25 Cumulative GPA each semester.
Within eight years of finishing your teacher preparation program, you must serve as a full-time teacher in a high-need field for at least four years in designated schools that serve low-income students. If you receive the TEACH Grant but do not fulfill the requirements of the program, your grant will convert to a direct unsubsidized loan, which you will have to repay with interest calculated back to the date the funds were disbursed. Once it converts to a loan it can never go back to a grant.