Federal TEACH Grant

The Federal TEACH Grant page captures all information for a student's TEACH grants in one place. This screen populates when a TEACH grant is added to the student’s aid package. PowerFAIDS then pulls data from various places in the system and displays it on the Federal TEACH Grant page for you to see it all in one place. Additional fields on the screen are populated or updated when the TEACH grant is originated, disbursed, or updated, or when a response file is received from the Common Origination and Disbursement (COD) system. Data can be imported or exported using the COD Import and Export processes.

The TEACH grants feature in PowerFAIDS makes many aspects of the financial aid process easier. Some highlights of the Federal TEACH Grant page in PowerFAIDS include:

• Student centric organization: Because the page is student centric, you can easily compare different academic years within the same student record. You simply select the academic year you want to view at the top of the screen to see the TEACH grants in that academic year.

• Ease of annual limit tracking: PowerFAIDS provides a tab for each TEACH grant within a single academic year, making it easier for you to review and stay on top of annual limits.

In addition to viewing award data, you can also complete the following workflows from the Federal TEACH Grant page:

• Reconcile Multiple Reporting Records (MRRs)
• Simulate origination of a Federal TEACH Grant