Is it true that a TEACH Grant will be converted to an unsubsidized Stafford loan if the student fails to fulfill the grant requirements after leaving school?
Yes. If the TEACH Grant recipient does not fulfill the requirements after leaving school, the TEACH Grant converts to a Federal Direct Unsubsidized Stafford loan. The applicant must agree to serve as a full-time teacher in a high-need field in a public or other qualified nonprofit elementary or secondary school for at least four academic years within eight years after completing education for which the applicant received the TEACH Grant(s). The applicant must submit evidence of such employment annually and comply with requirements for being a “highly qualified teacher” under the Elementary and Secondary Education Act of 1965 (ESEA).
Related Questions
- Is it true that a TEACH Grant will be converted to an unsubsidized Stafford loan if the student fails to fulfill the grant requirements after leaving school?
- How can a dependent student borrow an Additional Unsubsidized Direct Stafford Loan?
- How does a student qualify for the additional unsubsidized Stafford loan?
