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TEACH Reduction Fee
A TEACH Grant where the first disbursement is on or after October 1, 2018 2020 and before October 1, 2019 2021 requires a reduction of 65.20%70% percent from the award amount for which the student would otherwise have been eligible . TEACH Grant Scheduled, Annual, and Aggregate Awards regardless of which Federal Award Year is assigned to the award. The TEACH Grant award amounts are similar to Pell awards in that there is a Scheduled Award, which is the maximum that a full-time student would earn for a year, and an Annual Award, which is the amount a student would receive by enrolling for a year in an enrollment status (e.g., full-time, three-quarter-time, half-time, or less-than-half-time). The Scheduled Award for TEACH is $4,000, and the annual awards are:
| Enrollment Status | Maximum TEACH award |
|---|---|
| Full-time | $4,000 |
| Three-quarter time | $3,000 |
| Half-time | $2,000 |
| Less than half-time | $1,000 |
A student may receive up to $16,000 in TEACH Grants for undergraduate and post-baccalaureate study and up to $8,000 for a TEACH eligible master’s degree program.
The "percentage reduction" amount is subtracted from the maximum TEACH award amounts in the table above (depending on enrollment status) to determine the maximum amount of the TEACH award to be offered/awarded to an eligible student in Regent Award. Within Regent Award, the end-user will NOT see the reduction amount as a fee as we would see on other awards (for example, interest and origination fees), but instead, the "Adjusted Maximum Award Amount" is the gross amount of the TEACH award in Regent Award, depending on enrollment level, award year, and first disbursement date.
- Any TEACH award in Offered or Accepted status created prior to 10/1 with the old fee that does not have a paid disbursement prior to 10/1 will automatically be updated to reflect the new fee amount upon packaging on/after 10/1.
- If an award has at least one paid disbursement before 10/1, the award amount will not change due to the fee change upon packaging on/after 10/1.
The following chart shows the Fiscal Year (FY) 2017 , FY 2018 and FY 2019 sequester through FY 2021 sequester-required TEACH Grant Program reductions, as they apply to the 2016the 2016-2017 and 2017-2018 award yearsthrough 2021-2022 Federal Award Years (FAY).
TEACH Sequestration - FY 2017 thru
20192021
| Federal Award Year | Impacted Awards | Enrollment Level | Statutory Maximum Scheduled Award Amount | Percentage Reduction from Statutory Award Amount | Dollar Reduction Amount from Maximum Award Amount | Adjusted Maximum Award Amount |
|---|---|---|---|---|---|---|
2016-2017 2017-2018 | First disbursed on or after October 1, 2016 and before October 1, 2017 (FY 2017 Sequester) | Full-time | $4,000 | 6.90% | $276.00 | $3,724.00 |
| Three-quarter time | $3,000 | 6.90% | $207.00 | $2,793.00 | ||
| Half-time | $2,000 | 6.90% | $138.00 | $1,862.00 | ||
| Less than half-time | $1,000 | 6.90% | $69.00 | $931.00 | ||
2017-2018 2018-2019 | First disbursed on or after October 1, 2017 and before October 1, 2018 (FY 2018 Sequester) | Full-time | $4,000 | 6.60% | $264.00 | $3,736.00 |
| Three-quarter time | $3,000 | 6.60% | $198.00 | $2802.00 | ||
| Half-time | $2,000 | 6.60% | $132.00 | $1868.00 | ||
| Less than half-time | $1,000 | 6.60% | $66.00 | $934.00 | ||
2018-2019 2019-2020 | First disbursed on or after October 1, 2018 and before October 1, 2019 (FY 2019 Sequester) | Full-time | $4,000 | 6.20% | $248.00 | $3,752.00 |
| Three-quarter time | $3,000 | 6.20% | $186.00 | $2,814.00 | ||
| Half-time | $2,000 | 6.20% | $124.00 | $1,876.00 | ||
| Less than half-time | $1,000 | 6.20% | $62.00 | $938.00 | ||
2019-2020 2020-2021 | First disbursed on or after October 1, 2019 and before October 1, 2020 (FY 2020 Sequester) | Full-time | $4,000 | 5.90% | $236.00 | $3,764.00 |
Three-quarter time | $3,000 | 5.90% | $177.00 | $2,823.00 | ||
| Half-time | $2,000 | 5.90% | $118.00 | $1,882.00 | ||
| Less than half-time | $1,000 | 5.90% | $59.00 | $941.00 | ||
2020-2021 2021-2022 | First disbursement date on or after October 1, 2020 and before October 1, 2021 (FY 2021 Sequester) | Full-time | $4,000 | 5.7% | $228.00 | $3,772.00 |
| Three-quarter time | $3,000 | 5.7% | $171.00 | $2,829.00 | ||
| Half-time | $2,000 | 5.7% | $114.00 | $1,886.00 | ||
| Less than half-time | $1,000 | 5.7% | $57.00 | $943.00 |
Example Scenarios
TEACH Grants first disbursed on/after 10/1/20182019 but before 10/1/20192020: 6 5.20%90% reduction from statutory amounts:
- Example 1. A student has TEACH Award and 1st disbursement is on 10/1/2018 2019 and 2nd disbursement is on 3/2/20192020.
Adjust this student TEACH award with 20192020 rate. Reduce by 65.20%90% from the statutory amount - Example 2. A student has TEACH Award and 1st disbursement is on 10/1/2017 2018 and 2nd disbursement is on 3/2/20182019.
Adjust this student TEACH award with 20182019 rate. Reduce by 6.60%20% from the statutory amount - Example 3. A student has TEACH Award and 1st disbursement is on 5/15/2017 and 2nd disbursement is on 10/2/2017.
Adjust this student TEACH award with 20172018 rate. Reduce by 6.90% from the statutory amount
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