It's kind of hard to tell based on the info you've given us.... but I'm gonna try to give you some pointers to think about it yourself.... do you know if he's single, or if he's available at all? do the two of you ever talk in a more personal/friendly way, or just for school-related stuff? what would he think of the age difference? since he's older, he might be looking for a more serious/stable relationship than you're ready to offer as a student with a lot of possibilities for change. what would the repercussions be at your school, is it against the rules?
If you think about all that stuff and you still think it could work, I'd advise you to wait until he isn't teaching you anymore. Once you're done with his subject(s), you can keep talking to him outside of a class setting and go from there. But if you're underage, there's nothing to do but get over him, sorry.... I've had a friend in that situation and it ended badly both for them and for the teacher.