In exchange for meeting a 4 year service requirement, teachers can get financial assistance from the federal government through the TEACH Grant to cover their higher education fees.
You will be sent disclosure that details the grant's amount and timing when you sign the contract to either work as a teacher or repay it. TEACH Grant will be applied school.
You can earn TEACH Grant up to $4,000 per year, up to a maximum of $16,000 for undergraduate or post-baccalaureate studies & $8,000 for graduate study if you're enrolled full-time.
Students must agree to teach full time for at least 4 years at low-income elementary/secondary school or educational service agency & must teach a subject with a high need.
A TEACH Grant service obligation can be canceled, if you die or become totally disabled or if you have an extended period of qualifying active-duty military service.
TEACH Grant will become a direct unsubsidized loan if you don't fulfill your service requirements. You'll have to repay the loan, including interest.