The Teacher Education Assistance for College and Higher Education (TEACH) Grant is for students who complete or plan to complete coursework necessary to become an elementary or secondary school teacher. This grant is converted into the Direct Loan program if the student does not fulfill the service obligations.
- Total Principal Balance is the sum of the loan amounts that have already been disbursed.
- Remaining Amount to be Disbursed is the sum of money yet to be disbursed to the student or the school.
- Total is the sum of the principal balance and the amount remaining to be disbursed.