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A need-based federal grant administered by FAMU. Pell Grants are awarded only to undergraduate students (those who havent earned a bachelors degree). The Pell Grant award is prorated based on the number of credit hours enrolled per semester.
If youre certain that teaching is the right career path for you, though, and you have no problem relocating to find an eligible job, the TEACH grant can be a great way to knock off up to $16,000 off your tuition bill over the course of your studies.
Pell Grants offer free aid to undergraduate students who havent yet earned a degree but demonstrate financial need. Unlike the TEACH Grant, there is no service obligation. However, you will need to complete your education program and meet enrollment and academic performance requirements.
If you do not complete your teaching service obligation, the TEACH Grants you received will be converted to loans that you must repay in full, with interest.
The Teacher Education Assistance for College and Higher Education (TEACH) Grant program is a federal financial aid grant program available to students enrolled in eligible programs.
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If a TEACH Grant that is first disbursed to an undergraduate student during this period is later converted to a Direct Unsubsidized Loan, the interest rate will be 2.75% for the life of the loan.
If a TEACH Grant that is first disbursed to a graduate or professional student during this period is later converted to a Direct Unsubsidized Loan, the interest rate will be 4.30% for the life of the loan.
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 annually to students who commit to teaching high need subject areas upon graduation.

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