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Types of Financial Aid


Towson University participates in the following federal and university grant programs. Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for these grant programs.


The Federal Pell Grant

These Federal Title IV grants are for first undergraduate bachelor's degree candidates who have exceptional financial need.  Grants may range from $400 to $5,550 per year.


The Federal Supplemental Educational Opportunity Grant Program (FSEOG)

This Federal Title IV grant  is for exceptionally needy students pursuing a first bachelor's degree.  Towson University may offer you up to $4000* to eligible applicants.

*Annual grant maximums are subject to change.


The Institutional Grant Program

Towson University may offer up to $9,000* from this university grant program to full-time students who are first bachelor's degree candidates and have financial need.  Funding is extremely limited in this program and only the earliest and neediest applicants receive grants

*Annual grant maximums are subject to change.

The TEACH Grant Program

Undergraduate and graduate students who plan to teach may wish to consider the TEACH Grant, a federal program that provides annual grants and requires teaching service in return for the grant.TEACH Grant recipients must agree to teach full time in high-need subject areas at schools serving children from low income families

Estimated 2015-16 Award Amounts:

The TEACH Grant Program provides up to $4,000 per year ($16,000 total for an undergraduate program; $8,000 total for graduate studies) to full time students who plan to become highly qualified teachers.  Students attending less than full-time will receive  reduced amounts. Because of the sequestration cuts required by Budget Control Act of 2011, TEACH Grant award amounts are subject to annual reductions, which reduce the standard awad amounts.

Enrollment Level
Awards first disbursed
before 10/1/2015
after 10/1/2015
3/4 time
less than half-time
$    927
$    932

General Eligibility Requirements

The general eligibility requirements for receiving a TEACH Grant include the following:

  • U.S. citizenship or eligible non-citizen status
  • Completion of a FAFSA, although demonstrated financial need is not required
  • Graduate program of study or undergraduate first undergraduate degree program of study (students pursuing a second undergraduate degree or those in a non-degree teacher certification program cannot receive a TEACH Grant)
  • Cumulative GPA of at least 3.25 throughout your academic program, or a score above the 75th percentile on a national standardized college admissions test
  • Acceptance into an eligible degree program:
    • Majoring in education and pursuing a certification in a high need subject area, or
    • Majoring in a high need subject area with the intent of also completing teacher certification
  • Completion of online TEACH Grant Initial Counseling for the TEACH first grant, and Subsequent Counseling for each TEACH Grant received in the future at (done before signing the TEACH Grant Agreement to Serve); see below for more information
  • Completion of an Agreement to Serve (see below)

Service Requirement

TEACH Grant recipients must agree to teach for at least four full years within eight years of finishing their teacher preparation programs.  They must teach in schools that have been identified by the U.S. Department of Education as serving pupils from low income families.  These elementary or secondary schools are listed in the Department of Education’s Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits.

TEACH Grant recipients must also teach in high need subject areas.  These areas include the following:

  • Bilingual education and English language acquisition
  • Foreign language
  • Mathematics
  • Reading
  • Science
  • Special Education

In addition, there may be other identified teacher shortage areas as of the time you begin teaching in that field. These teacher subject shortage areas (not geographic areas) are listed in the Department of Education’s Annual Teacher Shortage Area Nationwide Listing.

How to Apply for a TEACH Grant

Your first step in applying for a TEACH Grant is to review the eligible majors shown above and in the Teacher Shortage Areas Nationwide Listing and the eligible schools in the Teacher Cancellation Low Income Directory .  If, after you have reviewed the listing of eligible majors and eligible schools, you feel that you are willing to make the service commitment, you can complete the TEACH Grant Application.

TEACH Grant Initial and Subsequent Counseling

You will have to complete counseling each year that you accept a TEACH Grant.  You will also be required to attend Exit Counseling when you graduate or leave school. 

Within 120 days of completing or ceasing enrollment in your teacher preparation program, you must confirm to the U.S. Department of Education that you will fulfill the terms and conditions of your service agreement. When you begin your career as a teacher, you must document your teaching service with certification from the chief administrative officer at the school where you teach.

TEACH Grant Agreement to Serve and Promise to Pay

Each year that you receive a TEACH Grant, you must sign a TEACH Grant Agreement to Serve and Promise to Pay (service agreement), available electronically on the U.S. Department of Education Web site.  When you sign the service agreement, you agree that if you do not complete the teaching obligation, you will repay the grant as a Federal Direct Unsubsidized Loan, with interest accruing from the date that the grant funds were disbursed.  The interest (the same rate as the Federal Direct Student Loan) will accrue from the date that the grant was disbursed to your university account.  Once the grant has been converted to a loan, it cannot be converted back to a grant. 

TEACH Grant Exit Counseling

Federal regulations require that TEACH Grant recipients complete an exit counseling session upon withdrawing or graduating from Towson University. The counseling session provides information about the terms and conditions of a TEACH Grant service agreement, as well as the rights and responsibilities that apply if your TEACH Grant is converted to a loan.


Financial Aid Office
Enrollment Services, Room 339
Hours: Monday - Thursday, 8 a.m. - 5 p.m.; Friday, 8 a.m. - 4:30 p.m. (Reception Desk)
            Monday - Thursday, 8:30 a.m. - 5 p.m.; Friday, 8:30 a.m. - 4:30 p.m. (Financial Aid Call Center)

Phone: 410-704-4236
Fax: 410-704-2584




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