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Explain how a TEACH Grant works to help pay for college.(1 point)

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TEACH Grants are awarded to students pursuing an education degree on the basis of talent or achievement.
TEACH Grants are awarded to students pursuing an education degree on the basis of talent or achievement.

TEACH Grants are awarded to students who agree to work a part-time job for a non-profit organization related to their field of study.
TEACH Grants are awarded to students who agree to work a part-time job for a non-profit organization related to their field of study.

TEACH Grants are awarded to students on the basis of financial need and the cost of college to cover the first year of higher education.
TEACH Grants are awarded to students on the basis of financial need and the cost of college to cover the first year of higher education.

TEACH Grants are awarded to students who agree to spend four years teaching a highly needed subject in a school that serves low-income students.

TEACH Grants are awarded to students who agree to spend four years teaching a highly needed subject in a school that serves low-income students. This grant helps pay for college by providing up to $4,000 per year to cover tuition and other educational expenses. If the student does not fulfill the teaching requirement, the grant will convert into a loan that must be repaid with interest.