The Federal TEACH Grant provides funds for students pursuing a degree in specific education programs. The program provides grant funds for postsecondary students who are completing coursework in a federally designated critical-need area of education and agree to serve for at least four-years as a full-time, highly qualified teacher in a low-income school. Eligible students may receive up to $4,000 per year in TEACH Grant funds. Failure to complete the four-year service agreement will result in the grant being converted to a Federal Direct Unsubsidized Stafford/Ford Loan that you must repay in full, with interest accruing from the time of disbursement.