The federal grants are used to help pay for college and are available from the US Department of Education.
Are their certain times a grant may have to be repaid?
Yes, sometimes if you withdraw from school before finishing an enrollment period or if you receive a TEACH Grant and do not complete your obligation then you may have to pay a grant back.
What will happen if I do not fulfill my service obligations under a TEACH Grant?
Your TEACH Grant servicer will notify you if your grants are converted to Direct Unsubsidized Loans and you must then repay the loans to ED with interest added on from the date your TEACH Grant was disbursed.
How will I know if I have to repay a grant?
The school you attend will notify you if you have to repay part of a grant and you will have 45 days to either pay that portion of the grant in full or begin a repayment arrangement.
Did you enter into a satisfactory repayment arrangement?
No, I have not entered into a satisfactory repayment.
Are there some reasons I might have to repay all or part of a federal grant?