TEACH GRANTS.

SEC. 412. TEACH GRANTS.(a) Amendments.—Subpart 9 of part A of title IV (20 U.S.C. 1070g et seq.) is amended—(1) in section 420N (20 U.S.C. 1070g–2)—(A) in subsection (b)—(i) in paragraph (1)(E), by striking “and” after the semicolon;(ii) in paragraph (2), by striking the period at the end and inserting “; and”; and(iii) by adding at the end the following new paragraph:“(3) contains, or is accompanied by, a plain-language disclosure form developed by the Secretary that clearly describes the nature of the TEACH Grant award, the service obligation, and the loan repayment requirements that are the consequence of the failure to complete the service obligation.”; and(B) by adding at the end the following new subsection:“(d) Additional Administrative Provisions.—122 STAT. 3227“(1) Change of high-need designation.—If a recipient of an initial grant under this subpart has acquired an academic degree, or expertise, in a field that was, at the time of the recipient’s application for that grant, designated as high need in accordance with subsection (b)(1)(C)(vii), but is no longer so designated, the grant recipient may fulfill the service obligation described in subsection (b)(1) by teaching in that field.“(2) Extenuating circumstances.—The Secretary shall establish, by regulation, categories of extenuating circumstances under which a recipient of a grant under this subpart who is unable to fulfill all or part of the recipient’s service obligation may be excused from fulfilling that portion of the service obligation.”; and(2) by adding at the end the following new section:“SEC. 420P. PROGRAM REPORT. “Not later than two years after the date of enactment of the Higher Education Opportunity Act and every two years thereafter, the Secretary shall prepare and submit to the authorizing committees a report on TEACH grants with respect to the schools and students served by recipients of such grants. Such report shall take into consideration information related to—“(1) the number of TEACH grant recipients;“(2) the degrees obtained by such recipients;“(3) the location, including the school, local educational agency, and State, where the recipients completed the service agreed to under section 420N(b) and the subject taught;“(4) the duration of such service; and“(5) any other data necessary to conduct such evaluation.” .(b) Effective Date.—The amendments made by subsection (a)(1) shall take effect on July 1, 2010.