Money for College
How Much is The Segal AmeriCorps Education Award?
AmeriCorps members who successfully complete all program requirements are eligible to receive the award of $6,195. 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. The education award amounts for members completing shorter terms of service are pro-rated.
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. Members 55 years or older at the start of service are able to transfer their education award to their children or grandchildren.