Each year that you receive a TEACH Grant, you must sign a TEACH Grant Agreement to serve or repay (ATS) which is available electronically beginning 2021 on the U.S. Department of Education web site upon Kent State University’s confirmation of your enrollment in an eligible major. When you sign the service agreement, you are agreeing to repay the grant as a Federal Direct Unsubsidized Student Loan, with interest accrued from the date that the grant funds were disbursed, if you do not complete the teaching obligation. Once the grant has been converted to a loan, it cannot be converted back to a grant unless you qualify for the reconsideration process as outlined by the U.S. Department of Education.