Pursuit's Take
More than 410,000 students and teachers have participated in financial aid programs for teachers over the past decade, though GAO estimates 0.8 and 19 percent of the potentially eligible population participates in the Stafford Teacher Loan Forgiveness and Teacher Education Assistance for College and Higher Education (TEACH) Grant programs, respectively.
About 36,000 of the TEACH Grant’s more than 112,000 recipients have not fulfilled grant requirements, according to GAO’s analysis of servicer data, and have had their grants converted to loans, known as grant-to-loan conversions, as required by regulation.