Title 34
SECTION 686.21
686.21 Calculation of a grant.
§ 686.21 Calculation of a grant. Link to an amendment published at 85 FR 49824, Aug. 14, 2020.(a)(1)(i) The Scheduled Award for a TEACH Grant for an eligible student is $4,000.
(ii) Each Scheduled Award remains available to an eligible student until the $4,000 is disbursed.
(2)(i) The aggregate amount that a student may receive in TEACH Grants for undergraduate and post-baccalaureate study may not exceed $16,000.
(ii) The aggregate amount that a student may receive in TEACH Grants for a master's degree may not exceed $8,000.
(b) The annual award for -
(1) A full-time student is $4,000;
(2) A three-quarter-time student is $3,000;
(3) A half-time student is $2,000; and
(4) A less-than-half-time student is $1,000.
(c) Except as provided in paragraph (d) of this section, the amount of a student's grant under this part, in combination with the other student financial assistance available to the student, including the amount of a Federal Pell Grant for which the student is eligible, may not exceed the student's cost of attendance at the TEACH Grant-eligible institution. Other student financial assistance is estimated financial assistance, as defined in 34 CFR 673.5(c).
(d) A TEACH Grant may replace a student's EFC, but the amount of the grant that exceeds the student's EFC is considered estimated financial assistance, as defined in 34 CFR 673.5(c).
(e) In determining a student's payment for a payment period, an institution must include -
(1) In accordance with 34 CFR 668.20, any noncredit or reduced credit courses that an institution determines are necessary -
(i) To help a student be prepared for the pursuit of a first undergraduate baccalaureate or post-baccalaureate degree or certificate; or
(ii) In the case of English language instruction, to enable the student to utilize already existing knowledge, training, or skills; and
(2) In accordance with 34 CFR 668.5, a student's participation in a program of study abroad if it is approved for credit by the home institution at which the student is enrolled.
(Authority: 20 U.S.C. 1070g, et seq.)