Student Loan News, Updates and Blog Posts

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07.13.09 | What is an “Agreement to Serve?”

Posted in Student Loan Industry News by David Bonvie

An agreement under which a student receiving a TEACH Grant commits to the specific obligation to teach for four complete years in a designated high need field at a low-income elementary or secondary school within eight years of completing or ceasing enrollment in a TEACH Grant-eligible program.

Note: If the agreement is broken those TEACH grant funds will then convert to an unsubsidized loan and require repayment.


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