TEACH: The Grant That Isn’t
Posted on July 10th, 2008
An interesting piece at the College Admissions Counseling blog: the new TEACH grant for aspiring teachers probably won't be a grant most of the time.
The grant provides $4,000 a year for students that agree to become teachers for at least 4 years within 8 years of graduation. To qualify, according to the blog post, the student must maintain a certain grade point average and agree to teach in a "high need" subject in a "high need"
In other words, just becoming a teacher isn't enough. Even becoming a math teacher may not do the trick. You have to teach in a particular area - an inner city school, or a rural poverty zone.
Four out of five TEACH grants will probably go to students who end up not fulfilling those conditions. And in that case the "grant" becomes an additional loan payment - an unsubsidized Stafford loan.
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