What will happen if I do not fulfill my service obligations under a TEACH Grant?
Your TEACH Grant servicer will notify you if your grants are converted to Direct Unsubsidized Loans and you must then repay the loans to ED with interest added on from the date your TEACH Grant was disbursed.
That's fine; I believe it's preferable to getting into debt. I mean, I'm sure the government isn't the only one who helps out in this way, am I right?
No, of course not. This kind of help can be provided by Federal institutions or State ones. Also, School and private sourced can help you to pay for college or career school.