Which federal program provides grants for students pursuing teaching careers?

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Study for the EverFi Financial Literacy for High School Test. Prepare with questions and answers, detailed explanations, and comprehensive resources to ensure success!

The Teacher Education Assistance for College and Higher Education (TEACH) Grant is specifically designed to support students who are pursuing careers in teaching, particularly in fields where there is a high demand for educators. This program offers grants that do not have to be repaid, as long as the recipient fulfills the service obligation of teaching in a low-income school or a designated field for a specified number of years.

The TEACH Grant thus encourages students to enter the teaching profession and helps address shortages in critical areas, which sets it apart from other federal financial aid programs. Pell Grants, for instance, are geared toward providing financial aid based on financial need but are not specifically targeted at future teachers. Similarly, the Federal Supplemental Educational Opportunity Grant (FSEOG) assists students with financial need but does not have the direct focus on teaching careers. The Federal Work-Study Program provides part-time work opportunities for students to help cover educational costs, rather than specifically funding teaching degrees.

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