§ 686.21. Calculation of a grant.
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/us/cfr/t34/s§ 686.21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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. (Authority: 20 U.S.C. 1070g, et seq.) \[73 FR 35495, June 23, 2008, as amended at 85 FR 49824, Aug. 14, 2020\]
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