---
kind: "section"
citation: "34 C.F.R. § 686.21"
title: "34"
number: "686.21"
heading: "Calculation of a grant."
url: "https://uscodex.org/cfr/34/686.21"
---

# §686.21. Calculation of a grant.

- (a)
  - (1)
    - (i) **The Scheduled Award for a TEACH Grant for an eligible student is $4,000.**
    - (ii) **Each Scheduled Award remains available to an eligible student until the $4,000 is disbursed.**
  - (2)
    - (i) The total amount that a student may receive in TEACH Grants for undergraduate and post-baccalaureate study may not exceed $16,000.
    - (ii) The total amount that a student may receive in TEACH Grants for graduate study may not exceed $8,000.
- (b) **The annual award for—**
  - (1) A full-time student is $4,000;
  - (2) A three-quarter-time student is $3,000;
  - (3) A half-time student is $2,000; and
  - (4) **A less-than-half-time student is $1,000.**
- (c) Except as provided in [paragraph (d)](#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)](/cfr/34/673.5.md?p=c).
- (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)](/cfr/34/673.5.md?p=c).
- (e) In determining a student's payment for a payment period, an institution must include—
  - (1) In accordance with [34 CFR 668.20](/cfr/34/668.20.md), any noncredit or reduced credit courses that an institution determines are necessary—
    - (i) To help a student be prepared for the pursuit of a first undergraduate baccalaureate or post-baccalaureate degree or certificate; or
    - (ii) In the case of English language instruction, to enable the student to utilize already existing knowledge, training, or skills; and
  - (2) In accordance with [34 CFR 668.5](/cfr/34/668.5.md), 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.

## Notes

### Amendments

[73 FR 35495, June 23, 2008, as amended at 85 FR 49824, Aug. 14, 2020]

### Authority

Authority: 20 U.S.C. 1070g, et seq. , unless otherwise noted.

### Source

Source: 73 FR 35495, June 23, 2008, unless otherwise noted.

### Amendments

[73 FR 35495, June 23, 2008, as amended at 85 FR 49824, Aug. 14, 2020]