Education Award

Using your AmeriCorps Education Award!!!

 What is the Segal AmeriCorps Education Award?

After successfully completing a term of service, AmeriCorps members are eligible to receive a Segal AmeriCorps Education Award.

You can use your Segal AmeriCorps Education Award to pay education costs at qualified institutions of higher education, for educational training, or to repay qualified student loans.

You have seven (7) years to use the education award from the date of your completion of service. You can divide up your award and use portions of it at different times, as long as it is for authorized expenditures within the specified time period. You could, for example, apply a portion of it to existing qualified student loans, and save the remainder to pay for authorized college costs a few years down the road.

You can only transfer the education award to a child, grandchild, or foster child, and ONLY if you were at least 55 years old when you began your term of service.

 

How much is my Education Award?

It depends on the length of your service.
900 Hours: $3,097.50
450 Hours: $1,638.89
300 Hours: $1,311.11

What can it be used for?

Repay Qualified Student Loans

This is any loan backed by the federal government under Title IV of the Higher Education Act (except PLUS Loans to parents of students), or under Titles VII or VIII of the Public Health Service Act – most federal student aid applies. Contact your lender for confirmation.

You may also use your Segal AmeriCorps Education Award to repay a student loan made by a state agency, including state institutions of higher education.

Segal AmeriCorps Education Awards may not be used to repay any other type of loan, even if the loan was obtained for educational purposes.

Pay Current Educational Expenses at a Qualified School

Current educational expenses include:

 ·     The "Cost of Attendance" for a degree- or certificate-granting program of study at a qualified school; and

·     Educational expenses for non-degree courses offered by qualified schools, such as continuing education courses.

Your school is qualified if it is a Title IV institution of higher education. This includes most colleges, universities, and includes graduate schools. Contact your school’s financial aid office if you’re unsure. 

Current educational expenses are expenses that were incurred after you became an AmeriCorps member. Current educational expenses are based on:

·     The "Cost of Attendance" for a degree or certificate-granting program at a qualified school and

·     Educational expenses for non-degree courses, such as continuing education courses offered by qualified schools.

For credit or degree courses, the cost of attendance may include tuition, books and supplies, transportation, room and board, and other expenses. Each school's financial aid office determines a student's cost of attendance based upon standard U.S. Department of Education guidance.

 

Some Schools will MATCH your award!!!

 There are some schools that will match your Segal Education Award! Please check with your school as early as possible. Each school has their own requirements for matching. The full list is available at:

www.nationalservice.gov/programs/americorps/segal-americorps-education-award/matching-institutions

Here are some of the schools in NY:

· Daemen College

· Fordham University Graduate School of Education

· Hobart and William Smith Colleges

· St. Bonaventure University

· SUNY Geneseo—Center for Community

· Syracuse University

 

To register and use your Education Award, go to:

https://my.americorps.gov

 

Click “Register to

create a new

Member/Alum account”

 

Then input your information and you’re off and running!

 

For more information go to:

www.nationalservice.gov/programs/americorps/alumni/segal-americorps-education-award