A TEACH Grant where the first disbursement is on or after October 1, 2018 and before October 1, 2019 requires a reduction of6.20%percent from the award amount for which the student would otherwise have been eligible. TEACH Grant Scheduled, Annual, and Aggregate Awards 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 FY 2017, FY 2018 and FY 2019 sequester required TEACH Grant Program reductions as they apply to the 2016-2017 and 2017-2018 award years.
TEACH Sequestration - FY 2017 thru 2019
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
Example Scenarios
TEACH Grants first disbursed on/after10/1/2018but before10/1/2019:6.20%reduction from statutory amounts:
Example 1. A student has TEACH Award and 1st disbursement is on 10/1/2018 and 2nd disbursement is on 3/2/2019. Adjust this student TEACH award with2019rate. Reduce by6.20%from the statutory amount
Example 2. A student has TEACH Award and 1st disbursement is on 10/1/2017 and 2nd disbursement is on 3/2/2018. Adjust this student TEACH award with2018rate. Reduce by6.60%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 with2017rate. Reduce by6.90%from the statutory amount