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The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $3,712 per year in grants students who intend to teach full-time in high-need subject areas for at least four years at schools that serve students from low-income families. Students may receive up to $14,848 for undergraduate study and up to $7,424 for graduate study. If you fail to complete the four-year teaching obligation you will have to repay the grant with interest.