Students participating in Master's degree programs in special education or teaching may qualify for a federal TEACH Grant. In return for receiving a TEACH Grant, a student agrees to serve:
If a recipients fails to complete the service obligation, all amounts of TEACH Grants received will be converted to a Federal Direct Unsubsidized Stafford Loan, with interest charged from the date the TEACH Grant was originally disbursed, which will then be repaid to the U.S. Department of Education.
For more information about this program, see the Federal Student Aid website.
For information about how the grant's service obligation is monitored and/or repayment is made if the service obligation isn't met and the grant is converted to a loan, visit FedLoan Servicing.