The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides funds to students who are completing or who plan to complete coursework that is required to begin a career in teaching, and agree to teach full time for at least four years at an elementary school, secondary school, or educational service agency that serves students from low-income families and to meet other requirements.
Through the College Cost Reduction and Access Act of 2007, Congress created the TEACH Grant (not to be confused with the Canadian Actor) Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families.
In exchange for a TEACH Grant, you agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. TEACH Grant recipients must teach at least four academic years within eight calendar years of completing the program of study for which you received the grant.