If you are pursuing a teaching career, there is a unique program that would allow you to get a grant that would be forgiven for time served teaching. The United States Education Department provides students the option to apply for the “Teacher Education Assistance for College and Higher Education (TEACH) Grant Program which provides grants of up to $4,000 per year to students who agree to teach for four years at an elementary school, secondary school, or educational service agency that serves students from low-income families and to meet other requirements.”
The teaching service obligation terms and conditions are explained in the TEACH Grant Agreement to Serve that you must sign before you receive a TEACH Grant.
For more information, please go download the information pamphlet for the TEACH Grant .
IMPORTANT: If you fail to complete your service obligation, TEACH Grant funds you received will be become a Federal Direct Unsubsidized Stafford Loan which you will be required to repay to the U.S. Department of Education (ED), with interest charged starting on the date the TEACH Grant was paid to you.