1. Package Title IV grants
  2. How SFP handles TEACH Grants

6How SFP handles TEACH Grants

Oracle Student Financial Planning (SFP) determines TEACH Grant eligibility, calculates award and payment period amounts, applies annual and aggregate limits, and updates fund status throughout packaging.

Determines TEACH eligibility

SFP determines whether the student is eligible to receive a TEACH grant by evaluating the student's Institutional Student Information Record (ISIR), the Student Academic and Financial Information (SAFI) message, and institutionally configured policy.

To be considered eligible for a TEACH grant, the student must meet the following criteria:

  • Be from a TEACH eligible state, country, or jurisdiction
  • Complete initial TEACH grant counseling and the Agreement-to-Serve (ATS)
  • Be enrolled in a TEACH grant eligible program
  • Use funds for first baccalaureate and postbaccalaureate programs combined, or use funds for a graduate degree
  • Meet the minimum GPA on a 4.0 scale
  • Maintain a TEACH eligible enrollment status

SFP prevents retroactive TEACH awarding when the student doesn't meet default C-Code clearance rules.

Determines the TEACH award amount

To calculate the student's TEACH Grant award amount and include it in the student's package, SFP:

  • Determines the award year for a payment period.
  • Determines the student's scheduled award established by the department, per enrollment status.
  • Reduces the student's scheduled award according to sequester requirements based on the student's disbursement date.
  • Determines whether the student has surpassed annual or aggregate limits.
  • Uses the previously determined disbursed amounts as inputs into the aggregate and award year calculation.
  • Determines the maximum projected award per payment period by selecting the lesser of the payment period disbursement amount for the award year, remaining award year eligibility, and the remaining TEACH grant eligibility amount.
  • Determines whether the student's award meets the regulatory minimum amount.
  • Sets the manual award indicator based on the TEACH configurable attributes used to determine each maximum projected award per payment period for the academic year.
  • Determines the fund status associated with the maximum projected award.
  • Saves all inputs and outputs used to determine the fund eligibility and maximum projected award amount.

Calculates the TEACH payment period amount for non-term credit-hour schools

SFP calculates the TEACH Grant payment period amounts using the TEACH Grant formula configured for the school's academic year setup.

For non-term credit-hour institutions, it uses TEACH Grant formula 4 and the corresponding enrollment status to calculate the amount for each payment period.

The payment period calculation prorates a student's scheduled award based on the number of credit hours in the payment period compared with the credit hours in the defined academic year profile, or the number of weeks of instructional time in the payment period compared with the weeks of instructional time in the academic year profile.

Each payment period amount must be greater than the minimum allowable amount. If that minimum amount can't be attained, the student isn't packaged with TEACH Grant funds.

Updates the TEACH fund status

SFP updates the fund status from estimated to projected to awarded during the packaging process when the fund meets the configured awarding criteria.

If an award amount increases and the student doesn't pass the award criteria check, SFP doesn't award the increased amount.