Section 686.21 - Calculation of a grant(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 total amount that a student may receive in TEACH Grants for undergraduate and post-baccalaureate study may not exceed $16,000.(ii) The total amount that a student may receive in TEACH Grants for graduate study 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. 73 FR 35495 , June 23, 2008, as amended at 85 FR 49824 , Aug. 14, 2020 Authority: 20 U.S.C. 1070g , et seq.
As amended at 85 FR 49824 , 8/14/2020