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Amount of the AmeriCorps Education Award
The amount of the AmeriCorps Education Award depends on the length of a member's term of service. The current amount of the Education Award for each term of service is as follows:
Payments made from AmeriCorps Education Awards are considered taxable income in the year that the Corporation makes the payment to the school or loan holder. A member serving in a full-time term of service is required to complete service within 9 to
Members are eligible for an AmeriCorps Education Award if they successfully complete their term of service in accordance with the member contract with one of the following approved AmeriCorps programs:
- AmeriCorps*State and National
As the member uses the AmeriCorps Education Award, they must have received a high school diploma, or the equivalent of such diploma.
Under no circumstances will an individual be eligible to receive more than two AmeriCorps Education Awards. Awards can be earned during the first two terms of national service. Members are eligible to receive one award for each of their first two
terms of service, regardless or the length of the term. Full-time, half-time, reduced half-time, quarter time, and minimum time terms of service each count as one term of service. Generally, if a member is released for cause before completing their term
of service and they do not receive an education award, that term of service counts as one of the two terms. In addition, members cannot transfer the education award to any other individual.
The National Service Trust does not make payments to anyone other than qualified schools and loan holders. See your financial aid counselor for information on how they handle disbursements and reimbursements of the AmeriCorps Education Award.
If a member withdraws from the school at which you have used the Education Award, the school may be required to refund the National Service Trust. If any refund is owed, it is credited to the member's Education Award "account," and is subject to the
seven-year time limit members have for using their awards. For general information on how withdrawing from school may affect a member's student financial aid, go to U.S. Department of Education's Student Guidebook.
Under certain circumstances, members can use the education award to study outside the United States. Contact the National Service Trust at 1-888-507-5962 for further information.
Members have seven years to use the education award from the date of their completion of service. They can divide up their award and use portions of it at different times, as long as it is for authorized expenditures within the specified time period.
Members could, for example, apply a portion of it to existing qualified student loans and save the remainder to pay for authorized college costs in the future.
There are currently 75 colleges and universities that match the Segal AmeriCorps Education Award for their students.