Money for College

How Much is The Education Award?
AmeriCorps members who successfully complete all program requirements are eligible to receive the award of $5,550! This award is in the form of an electronic voucher, not cash. You must have a high school diploma or equivalent in order to receive an education award.

How Can I Use The Education Award?
You can use your education award in the following ways:

  • To repay qualified existing or future student loans;
  • To pay all or part of the cost of attending a qualified institution of higher education (including certain vocational programs); or
  • To pay expenses while participating in an approved school-to-work program.

When Can I Use The Education Award?
You must use your education award within seven years of completion of your service. You must have a high school diploma or equivalent at the time you use it. You may apply for an extension if, during the seven-year period, you perform another term of service in an approved AmeriCorps position or if you were unavoidably prevented from using the award.

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