Are you considering joining AmeriCorps and taking advantage of the Segal AmeriCorps Education Award? If so, you may be wondering how much the award is worth and what you can use it for. The Segal AmeriCorps Education Award is a great way to pay for tuition, books, supplies, and other education-related expenses. Here's what you need to know about the award and how to use it. The Segal AmeriCorps Education Award is offered to individuals who successfully complete a term of service in an approved AmeriCorps program. Currently, members can only participate in AmeriCorps and receive an education award for up to two years, but the new rules may allow AmeriCorps members who work part-time to serve for more than two terms.
The amount of a full-time Segal AmeriCorps education award is equivalent to the maximum value of the Pell Grant for the fiscal year in which the national service period is approved. AmeriCorps VISTA members who choose to receive the education award are not eligible for this cancellation. There are limitations on the number of terms a person can serve in each AmeriCorps program and on the maximum value of educational awards a person can receive. After successfully completing your term of service with AmeriCorps and enrolling in the National Service Trust, you are eligible to receive the Segal AmeriCorps Education Award. You have seven years from the date you complete your term of service to use your education scholarship funds. Of course, you can use the education award to pay for associate, undergraduate, or graduate school tuition at a qualifying school.
A school is eligible to accept the Segal AmeriCorps Education Award if it is a Title IV institution (this includes most colleges, universities, and graduate schools). All payments made with the Segal AmeriCorps Education Award are subject to federal taxes in the year in which each payment is made. The Serve America Act allows the transfer of educational awards earned by a member who successfully completes a term of service in state and national AmeriCorps programs, under specific conditions. The Trust may also grant an extension if you served in the Peace Corps or in the military during the period of original use of a previous award and, inevitably, you are prevented from using your award during that period. If you're considering joining AmeriCorps and taking advantage of the Segal AmeriCorps Education Award, now you know how much it's worth and what you can use it for. It's a great way to pay for tuition, books, supplies, and other education-related expenses.
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