Inside Higher Ed | College financial aid officers still have many of the same concerns about a new federal grant program for teachers in training than they did when Congress introduced it last year. The unavoidable fact that it transforms into a loan if its recipients do not follow its explicit requirements deeply troubles many. Still, with the program’s July 1 launch date upon them, most college administrators are focusing their efforts on finding ways to make the grants work best for them and their students.
http://www.insidehighered.com/news/2008/07/01/teachgrants