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Latest from FSA: Required TEACH Grant Reduction

January 8, 2014

In a recent letter from Jeff Baker, Director of Policy Liaison and Implementation at Federal Student Aid, it was announced that the FY 2014 sequester-required reduction percentage for the TEACH Grant Program has been recalculated. Any “institution that has already disbursed, or that will disburse, TEACH Grant awards with a first disbursement date on or after October 1, 2013 and before October 1, 2014 must adjust the award amounts to reflect the new reduction percentage of .89 percent and disburse the additional funds to the affected students.”

Read more in the letter from Jeff Baker: http://ifap.ed.gov/dpcletters/GEN1327.html.

Kristi Jones, Southern Regional Director, Nelnet Partner Solutions

Kristi Jones, Southern Regional Director, Nelnet Partner Solutions

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