Federal Teach Grant Program
Please note, second year sequester amounts have been announced by the Department of Education resulting in the following TEACH grant changes: For teach grants disbursed on or after October 1, 2013 and before September 30, 2014, the adjusted maximum scheduled award will be $3,964.
Only students pursuing a first Bachelor's degree are eligible for a TEACH Grant at Siena College. Students pursuing only a teacher licensure or a second Bachelor's degree are not eligible for the TEACH Grant.
Students must be actively pursuing coursework within a major that will enable them to teach in a federal or state-recognized high need field, at a low income school, as a highly qualified teacher.
High Need Fields
For purposes of the TEACH Grant, nationally recognized high-need fields are: Mathematics, Science, & Foreign Language.
To be eligible for the TEACH Grant students must either earn a GPA of 3.25 or better based on their class status (as described below) or have scored in the 75th percentile or better on at least one battery of a nationally-normed admission test (i.e. SAT).
Failure to Complete Service Obligation
Recipients who fail to complete the service obligation for this program will have their TEACH Grant(s) converted to Federal Direct Unsubsidized Stafford Loans. If the grant is converted to a loan, retroactive interest will be applied at 6.8% accrued from the date each grant was originally disbursed. The chart below shows an expample of the interest charged and repyament amounts for a student who received $16,000 of TEACH grant funds and failed to meet the service obligation.
**The Financial Aid Office believes it is important for students to thoroughly understand the service requirements for this program and thoughtfully determine whether it is appropriate to participate. Failure to complete the service obligation will greatly increase a student's college loan debt.
TEACH Grant Entrance and Exit Counseling
Students that receive a TEACH Grant are required to complete their Agreement to Serve (ATS) application with the Department of Education each year. At the completion of the student’s studies at Siena College, Exit Counseling must be completed.