686.21—Calculation of a grant.
(2)
(i)
The aggregate amount that a student may receive in TEACH Grants for undergraduate and post-baccalaureate study may not exceed $16,000.
(ii)
The aggregate amount that a student may receive in TEACH Grants for a master's degree may not exceed $8,000.
(c)
Except as provided in paragraph (d) of this section, the amount of a student's grant under this part, in combination with the other student financial assistance available to the student, including the amount of a Federal Pell Grant for which the student is eligible, may not exceed the student's cost of attendance at the TEACH Grant-eligible institution. Other student financial assistance is estimated financial assistance, as defined in 34 CFR 673.5(c).
(d)
A TEACH Grant may replace a student's EFC, but the amount of the grant that exceeds the student's EFC is considered estimated financial assistance, as defined in 34 CFR 673.5(c).
(1)
In accordance with 34 CFR 668.20, any noncredit or reduced credit courses that an institution determines are necessary—
(i)
To help a student be prepared for the pursuit of a first undergraduate baccalaureate or post-baccalaureate degree or certificate; or
(ii)
In the case of English language instruction, to enable the student to utilize already existing knowledge, training, or skills; and
(2)
In accordance with 34 CFR 668.5, a student's participation in a program of study abroad if it is approved for credit by the home institution at which the student is enrolled.