34 CFR §686.21

1. (a)
   1. (1)
      1. (i)The Scheduled Award for a TEACH Grant for an eligible student is $4,000.
      2. (ii)Each Scheduled Award remains available to an eligible student until the $4,000 is disbursed.
   2. (2)
      1. (i)The total amount that a student may receive in TEACH Grants for undergraduate and post-baccalaureate study may not exceed $16,000.
      2. (ii)The total amount that a student may receive in TEACH Grants for graduate study may not exceed $8,000.
2. (b)The annual award for—
   1. (1)A full-time student is $4,000;
   2. (2)A three-quarter-time student is $3,000;
   3. (3)A half-time student is $2,000; and
   4. (4)A less-than-half-time student is $1,000.
3. (c)Except as provided in paragraph (d) of this section, the amount of a student's grant under this part, in combination with the other student financial assistance available to the student, including the amount of a Federal Pell Grant for which the student is eligible, may not exceed the student's cost of attendance at the TEACH Grant-eligible institution. Other student financial assistance is estimated financial assistance, as defined in 34 CFR 673.5(c).
4. (d)A TEACH Grant may replace a student's EFC, but the amount of the grant that exceeds the student's EFC is considered estimated financial assistance, as defined in 34 CFR 673.5(c).
5. (e)In determining a student's payment for a payment period, an institution must include—
   1. (1)In accordance with 34 CFR 668.20, any noncredit or reduced credit courses that an institution determines are necessary—
      1. (i)To help a student be prepared for the pursuit of a first undergraduate baccalaureate or post-baccalaureate degree or certificate; or
      2. (ii)In the case of English language instruction, to enable the student to utilize already existing knowledge, training, or skills; and
   2. (2)In accordance with 34 CFR 668.5, a student's participation in a program of study abroad if it is approved for credit by the home institution at which the student is enrolled.