The U.S. Department of Education's Teach Education Assistance for College and Higher Education (TEACH) Grant Programprovides 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.
For 2016-2017, the rates are as follows:
Current regulations state eligible full-time students who receive the first disbursement of a TEACH Grant on or after October 1, 2015, but before October 1, 2016, may receive $3728 for the year. Aggregate awards for undergraduate students would be $14,912 while graduate students could have aggregate awards of $7456.
New regulations state eligible full-time students who receive the first disbursement of a TEACH Grant on or after October 1, 2016 and before October 1, 2017, may receive $3724 for the year. Therefore, the aggregate awards for undergraduate students would be $14,896 while the aggregate awards for graduate students would be $ 7,448.
TEACH Grants are 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.