Grants

Bank Street College is proud to be a participant in the Yellow Ribbon GI Educational Enhancement Program. We providing matching funds to eligible recipients of the Yellow Ribbon program.

This program is a provision of the Post 9/11 Veterans Educational Assistance Act of 2008. This program allows institutions of higher education (degree-granting institutions) in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed the annual maximum cap for private institutions.

You may be eligible to receive a federal TEACH Grant of up to $4,000 per year ($8,000 total for graduate students) if you are studying at Bank Street College and plan to:

• Teach in a public or private elementary or secondary school that serves students from low-income families.
• Become a full-time teacher in a high-need field including bilingual education and English language acquisition, foreign language, mathematics, reading specialist, science, and special education.

To be eligible for a TEACH Grant, you must meet these requirements:

• Be a U.S. citizen or eligible non-citizen.
• Be enrolled as a graduate student. The amount of grant funding you will be eligible to receive is based on the number of enrolled hours.
• Complete the Free Application for Federal Student Aid (FAFSA).
• Be enrolled in coursework that is necessary to begin a career in teaching or a plan to complete such coursework.
• Fulfill certain academic requirements (scoring above the 75th percentile on any battery of a college admission test or maintaining a cumulative GPA of at least 3.25).
• Complete Entrance Counseling prior to the first award and subsequent counseling before each academic year.
• Sign a TEACH Grant Agreement to Serve.
• Teach in a high-need field (pdf): bilingual education and English language acquisition, foreign language, mathematics, reading specialist, science, special education, or other identified teacher shortage areas.
• Teach in a school that serves low-income students (pdf). You must pledge to teach full-time as a highly qualified teacher for at least four academic years within eight calendar years of completing your program at Bank Street College for which you received the TEACH Grant.

Note: If you fail to complete the teaching obligation, all amounts of TEACH Grants that you received will be converted to a Federal Direct Unsubsidized Stafford Loan. You must then repay this loan to the U.S. Department of Education. You will be charged interest from the date the grant(s) was disbursed.