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Latest from FSA: TEACH Grant Closeout Information for 2017-18 Award Year

June 15, 2018

FSA recently announced that the Teacher Education Assistance for College and Higher Education (TEACH) Grant closeout deadline for the 2017-18 Award Year will be Friday, Sept. 28, 2018. This deadline marks the last processing day of the award year, meaning all school data must be received and accepted by this date to be included in a school’s final Ending Cash Balance for the year.

FSA’s announcement notes that to be considered successfully closed out, a school must “Reconcile to an Ending Cash Balance (Net Drawdowns – Total Net Booked Disbursements) of $0 and Total Net Unbooked Disbursements of $0, as reflected on its monthly TEACH Grant School Account Statement (SAS) and in its internal records.”

For more information about TEACH Grant closeouts, including tools available to help with the closeout process, see FSA’s announcement.

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