Federal TEACH grant...help me understand

[tina.tina]

I think that maybe the language on the program requires that the school she ultimately teaches at be on the high need list when the grant/loan was disbursed. Check into that. You can look at the list for your state now and project where she might be able to teach. ALL of the schools in a wide radius from my home meet this criteria and, sadly, that is not likely to change. I think something like 40% of the kids in my county schools receive free lunch.

Some schools in my state meet the requirement for high need for teachers in certain subjects. DH works at a university and recently attended the Ed. dept.'s job fair. Almost all of the employers stated that they needed special education, math, and sciences. Thankfully, I am majoring in Math. I have been hesitant to take the grant as well. I plan to for my next year's tuition because I will be almost finished.

 

[pixiedustaholic]

OP Here: Thank you all very much for your input. I think we will probably hold off on taking the grant for her Freshman year. Hopefully, by next year she will have a more concrete plan on what area and age she prefers to teach. She still has some possible scholarship opportunities coming up so we will keep our fingers crossed on that. If not, we should be able to cash flow what she hasn't received in scholarships and grants already.

 

[MrsPete]

You can learn a lot just by clicking Google . . . Look up this loan, and you can find a list of the teaching jobs considered "high need", and you can see a list of the schools considered "low income".

Most of the schools in my county are on the "low income" list. Do not assume that "low income" automatically means inner city or dangerous. We're rated something like #12 out of 100 school districts in the county. People from the big city next door to us flock over here and try to enroll their kids in our schools.

Check out the schools in your own area. It just takes a few clicks.

 

[pixiedustaholic]

You can learn a lot just by clicking Google . . . Look up this loan, and you can find a list of the teaching jobs considered "high need", and you can see a list of the schools considered "low income".

Most of the schools in my county are on the "low income" list. Do not assume that "low income" automatically means inner city or dangerous. We're rated something like #12 out of 100 school districts in the county. People from the big city next door to us flock over here and try to enroll their kids in our schools.

Check out the schools in your own area. It just takes a few clicks.

I have actually done a lot of research on this grant. The main point I needed assistance with was trying to figure out exactly how much this would cost me in interest and fees if it ever gets converted into a loan. I think I have a pretty close idea. Thanks for your response.