Please note: Effective March 1, 2013, as a result of the Federal Sequestration, the U.S. Deptartment of Education has advised all schools to reduce the TEACH grant award amounts as follows:
- For a Teach Grant that is disbursed for the first time between March 1, 2013, and Sept. 30, 2013, the award amount must be reduced by 6.0%.
- For a Teach Grant that is disbursed for the first time on or after Oct. 1, 2013, the award amount must be reduced by 7.2%.
The reductions are from the award amount for which a recipient would otherwise have been eligible.
The Federal TEACH (Teacher Education Assistance for College and Higher Education) Grant Program is a non-need-based program that provides grants of up to $3,712 per year to post-baccalaureate and graduate students enrolled in an eligible program, as defined by Walden University, and who intend to teach full-time in high-need subject areas at schools that serve students from low-income families. Recipients of a TEACH Grant must teach for at least 4 years within 8 years of completing the college program for which the TEACH Grant was awarded (or otherwise ceasing enrollment or losing eligibility). Graduate students may receive up to 2 years of grant funding for a total of $8,000.
The TEACH Grant is only available to students in select education programs at Walden University. Students enrolled less than full-time will have their TEACH Grant award reduced according to a schedule established by the U.S. Department of Education. The amount of TEACH Grant awarded when combined with other student aid cannot exceed a student’s cost of attendance. Because total financial aid received must not exceed the cost of attendance, receiving a TEACH Grant may reduce the recipient’s eligibility for other sources of financial aid.
If a student awarded a TEACH Grant either (1) fails to complete the teaching service obligation, (2) ceases enrollment in an eligible program for which the TEACH Grant was received, or (3) does not meet any other requirement as defined by the Department of Education, his or her grant will convert into a Federal Direct Loan, with interest accrued from the date the grant was disbursed.
It is the student’s responsibility to understand all requirements and rules for the TEACH Grant Program.