Posted Date: June 7, 2013
Author: William Leith, Service Director, Program Management, Federal Student Aid
Subject: TEACH Grant Closeout Information for 2012-2013 Award Year
The Teacher Education Assistance for College and Higher Education (TEACH) Grant closeout deadline for the 2012-2013 Award Year is Monday, September 30, 2013. This is the last processing day of the award year, so all school data must be received and accepted by this date, and any necessary funds must be requested in G5, for this information to be included in a school’s final Ending Cash Balance for the year. To be considered successfully closed out, the school must—
- Have an Ending Cash Balance (Net Drawdowns – Total Net Booked Disbursements) of $0 and Total Net Unbooked Disbursements of $0, as reflected on the TEACH Grant School Account Statement (SAS).
After the closeout deadline, schools with outstanding balances will be billed.