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The continued extension of the federal payment pause on student loans and interest accrual has been a relief to borrowers, but amid this freeze a simple accountability metric on institutions of higher education may be less useful in the coming years, allowing programs that leave students worse off financially to continue to access federal aid.
According to Volume 1, Chapter 6 of the FSA Handbook: "An otherwise eligible student who received a TEACH Grant for enrollment in a TEACH Grant-eligible program is eligible to receive additional TEACH Grants to complete that program, even if that program is no longer considered a TEACH Grant-eligible program. This extension is not to exceed four Scheduled Awards for an undergraduate student and up to two Scheduled Awards for a graduate student." This means that, if the high-need field was on the Teacher Shortage Listing when the student initially received a TEACH Grant, but that high-need field later dropped off the list, the student can still receive a TEACH Grant to complete that specific academic program. View the full answer to this question to learn more.
Are you interested in becoming a financial aid director? Join Blue Icon Advisors in June for the next Aspiring Director Group Coaching cohort. Over the course of six weeks, you'll focus on specific topics to help you advance in your career. Read what others have to say about their group coaching experience. The deadline to register for the next cohort is June 3, and the first meeting will take place on June 10. Classes fill quickly, so register now to save your seat!