1. Short title This Act may be cited as the Consider Teachers Act . 2. TEACH Grants Section 420N of the Higher Education Act of 1965 ( 20 U.S.C. 1070g–2 ) is amended— (1) in subsection (b)(1)(D), by inserting, by not later than the October 31 following the year of such service ; (2) in subsection (c)— (A) by striking In the event and inserting the following: (1) In general In the event ; and (B) by adding at the end the following: (2) Reconsideration of conversion decisions (A) Request to reconsider In any case where the Secretary has determined that a recipient of a grant under this subpart has failed or refused to comply with the service obligation in the agreement under subsection (b) and has converted the grant into a Federal Direct Unsubsidized Stafford Loan under part D in accordance with paragraph (1), the recipient may request that the Secretary reconsider the determination and may submit additional information to demonstrate satisfaction of the service obligation. (B) Reconsideration If, in reconsidering a determination under subparagraph (A), the Secretary determines that the reason for the initial determination was the recipient's failure to timely submit an annual recertification required under subsection (b)(1)(D), and that the recipient has, as of the date of the reconsideration, demonstrated that the recipient did meet, or is meeting the service obligation in the agreement under subsection (b), the Secretary shall— (i) discharge the Federal Direct Unsubsidized Stafford Loan under part D, and reinstate the recipient's grant under this subpart; (ii) discharge any interest or fees that may have accumulated during the period that the grant was converted to a Federal Direct Unsubsidized Stafford Loan under part D; (iii) if the recipient has other loans under part D, apply any payments made for the Federal Direct Unsubsidized Stafford Loan under part D during such period to those other loans under part D