2012-2013 TEACH Grant

1. 2012-2013TEACH Grant William Adamchik, Student Financial Aid Betty Hampton, College of Education Margaret Pentecost, College of Education

2. Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach a “high-need” subject area in a public or private elementary or secondary school that serves students from low-income families. TEACH Grant Program

3. Up to $4,000 per year • Undergraduate study (4-year programs) • Graduate study (Master’s) • Prorated for part-time attendance • Total of $16,000 for undergraduate study • Total of $8,000 for graduate study Grant Amounts

4. Undergraduate • Full-time (12 hours or more)$2000 per semester • 3/4-time (9-11.99 hours)$1500 per semester • Half -time (6-8.99 hours)$1000 per semester • Less than half-time (less than 6)$500 per semester • Graduate • Full-time (9 hours or more) - $2000 per semester • 3/4-time (6.75–8.99 hours) - $1500 per semester • Half -time (4.5–6.74 hours) - $1000 per semester • Less than half-time (less than 4.5) - $500 per semester Enrollment Status & Award Amount

5. Score above 75th percentile on any nationally normed standardized admissions test or • Maintain at least 3.25 cumulative GPA Academic Eligibility

6. TEACH Grant is non-need-based aid • FAFSA required • Can replace expected family contribution (EFC) just like unsubsidized Stafford loan • Amount not used or needed to replace EFC • Is counted as aid when packaging other funds • Grant plus other aid may not exceed Cost of Attendance (COA) Relationship to Other Resources

7. Full-time highly-qualified teacher in high-need field • Teach in low-income school for 4 years within 8 years of program completion • Suspensions of 8-year period available • No credit for part-time teaching • No partial fulfillment of service Service Obligation

8. Failure to complete service obligation causes grant to convert to anunsubsidized loan! • Unsubsidized Stafford Loan • Collected under the Direct Loan Program • Interest charged back to date of grant Failure to Meet Service Obligations

9. A TEACH Grant will be converted to a Direct Unsubsidized Stafford Loan if a student: • Requests conversion, regardless of enrollment status • Fails to notify Department of Education within 120 days of ceasing enrollment that he or she is employed, or still intends to pursue employment • Within 1 year of ceasing enrollment, he or she has not: • Been determined eligible for suspension • Re-enrolled in TEACH Grant-eligible program • Began teaching service per ATS TEACH Grant Conversion to Loan

10. The TEACH Grant will convert to a Direct Unsubsidized Stafford Loan if a student completes a TEACH Grant-eligible program and: • Does not actively confirm with ED at least annually his or her intention to satisfy terms of ATS • Fails to begin or maintain qualifying employment within the timeframe that would allow him or her to complete teaching service per ATS Conversion to Loan (pg.2)

11. If a TEACH Grant does get converted to a Direct Unsubsidized Stafford Loan, here’s what the repayment would look like for a student who received the grant for four years: Amount owed 12 years after initial disbursement - $9,009 (first year TEACH) Amount owed 11 years after initial disbursement - $8,419 (second year TEACH) Amount owed 10 years after initial disbursement - $7,869 (third year TEACH) Amount owed 9 years after initial disbursement - $7,354 (fourth year TEACH) Total $32,651 Interest to be Paid: $16,651 Grant Conversion to Loan (pg.3)

12. Re-Enrollment in TEACH Grant eligible program • Condition covered by Family and Medical Leave Act (FMLA) • Birth of son or daughter • Caring for spouse, child, or parent with serious medical condition • Recipient’s serious health condition • Call or order to active duty status in U.S. armed forces or National Guard for more than 30 days Suspension of 8-yr Completion Period

13. An ombudsman resolves disputes from a neutral, independent viewpoint. The Federal Student Aid (FSA) Ombudsman will informally conduct impartial fact-finding about your complaints. We will recommend solutions, but we don't have the authority to reverse decisions. We will also work to bring about changes that will help prevent future problems for other student loan borrowers. This free service is provided by the US Department of Education. • The Ombudsman will research your problem and determine whether you have been treated fairly. If your student loan complaint is justified, we will work with you and the office, agency, or company involved in the problem. On your behalf, we will contact other offices within the U.S. Department of Education, your private lender, your loan guaranty agency, and the servicing agency or firm collecting your loan. Student Loan Ombudsman’s Office

14. U.S. Department of EducationFSA Ombudsman830 First Street, NEFourth FloorWashington, DC 20202-5144 • 1-877-557-2575 Ombudsman’s Office

15. Federal listing: • ESL • Foreign Language • Math • Reading Specialist • Science • Special Education • State Listing • http://www.ed.gov/about/offices/list/ope/pol/tsa.doc High-Need Field

16. English • Middle School • Secondary • English as a Second Language • Exceptional Children (EBD, FMD, LBD) • Speech/Language Pathology • Mathematics • Middle School • Secondary Level • Sciences • Biology – Secondary • Chemistry – Secondary • Earth Science • Middle School • Physics • Social Studies • Middle School • Secondary • Career & Technical Education • Engineering & Information Technology • Health Sciences • World Languages (examples below): • Arabic • Chinese/Mandarin • French • German • Japanese • Russian • Spanish High-Need - Kentucky 12-13

17. Business Education • Career & Technical Education • Business Services and Technology • Communications Disorders • English as a New Language • Language Arts/Reading • Mathematics • Mild & Intense Interventions • Reading • World Languages • Science (all areas): • Biology • Chemistry • Earth Science • Natural Science • Physical Science • Physics • Social Studies (all areas): • Economics • Geography • History • Psychology • U.S. Government/Political Science High-Need - Indiana 12-13

18. Adding “second” certification could make you eligible if you are not studying in a high-need field • Early Childhood potential “high-need” field • Listed on other state lists, but is not yet included on Kentucky’s BS Early Elementary Ed

19. High-need does not equal an automatic job • Need across the state is assessed based on a district’s need for specific subject areas • A specific subject might be high-need in one school district and not another Finding a Job

20. Official directory can be obtained at: https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp • List is not comprehensive, you should contact the Kentucky Department of Education Division of Program Resources, (502) 564-3791 Low-Income Schools

21. Your certification area/field must appear on the high-need list for the state in which you seek employment – at the time you are seeking employment • You must be hired and placed in a school appearing on the official classification for “low-income schools” for that year • You must remain in that school (or another “official” low-income school) for four years out of eight years following completion of your teacher certification program Bottom Line

22. Finished! http://louisville.edu/financialaid/grants/teach-counseling Click on the link below to return to the Group Counseling Confirmation webpage to submit the confirmation form.