acher ▁Education ▁Ass istance ▁for ▁College ▁and ▁High er ▁Education ▁( TE AC H ) ▁Grant ▁requires ▁you ▁to ▁take ▁certain ▁classes ▁in ▁order ▁to ▁get ▁the ▁grant , ▁followed ▁by ▁performing ▁a ▁specific ▁job , ▁sometimes ▁in ▁a ▁specific ▁location , ▁to ▁keep ▁the ▁grant ▁from ▁becoming ▁a ▁loan . ▁ ▁Institution al ▁Gr ants , ▁gr ants ▁provided ▁by ▁educational ▁institutions . ▁Some ▁institution al ▁gr ants ▁are ▁based ▁on ▁academic ▁achiev ement ▁( mer it ▁awards ▁or ▁mer it ▁scholar ships ), ▁while ▁others ▁are ▁based ▁on ▁financial ▁need , ▁and ▁some ▁are ▁a ▁combination ▁of ▁the ▁two . ▁▁ ▁Private ▁and ▁Emp loy er ▁Gr ants , ▁gr ants ▁provided ▁by ▁the ▁private ▁sector , ▁for ▁students ▁who ▁meet ▁specific ▁criteria ▁for ▁el ig ibility ▁related ▁to ▁the ▁private ▁organization . ▁▁ ▁State ▁Gr ants , ▁public ▁funds ▁received ▁from ▁state ▁ag encies ▁that ▁are ▁completely ▁separate ▁from ▁those ▁listed ▁in ▁the ▁federal ▁sector . ▁These ▁gr ants ▁vary ▁by ▁state ▁and ▁are ▁awarded ▁based ▁on ▁financial ▁need . ▁ ▁Education ▁lo ans ▁ ▁An ▁education ▁loan ▁is ▁taken ▁out ▁by ▁the ▁student ▁( or ▁parent ) ▁in ▁order ▁to ▁pay ▁for ▁educational ▁exp enses . ▁Un like ▁scholar ships ▁and ▁gr ants , ▁this ▁money ▁must ▁be ▁rep a id ▁with ▁interest . ▁Edu c ational ▁loan ▁options ▁include ▁federal ▁student ▁lo ans , ▁federal ▁parent ▁lo ans , ▁private ▁lo ans , ▁and ▁cons olid ation ▁lo ans . ▁ ▁Federal ▁student ▁loan ▁programs ▁Federal ▁student ▁lo