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After successfully completing a term of service, AmeriCorps members who were signed up for an education award are eligible to receive a Segal AmeriCorps Education Award. This education award can be used to pay education costs at qualified institutions of higher education, to pay for educational training, and to repay qualified student loans. You can make payments from your award in full or in part, and you can take up to seven years after your term of service has ended to use your award. The amount of the Segal AmeriCorps Education Award is tied to the maximum amount of the U.S. Department of Education’s Pell Grant. Since the maximum amount of Pell grants can change from year to year, so can the dollar amounts of education awards. (For terms of service that were approved using 2011 funds, the amount of a full-time education award was $5,550; awards for part-time terms of service are pro-rated based on the amount of a full-time award.) To confirm the award amount for which you are eligible, call your program or project sponsor. Learn more about the Segal AmeriCorps Education Award:
AmeriCorps VISTA If you successfully complete a term of service in VISTA, you are eligible to receive either a Segal AmeriCorps Education Award or an end-of-service stipend of $1,500. The Segal AmeriCorps Education Award option is subject to available education trust allocations to AmeriCorps VISTA. You must select the Segal AmeriCorps Education Award option prior to the start of service. My AmeriCorps / AmeriCorps Online Payment System Accessing and managing your Segal AmeriCorps Education Award has never been easier. My AmeriCorps, is an on-line system that allows you to obtain information and conduct business regarding your AmeriCorps service and your education award. It provides a one-stop shop for AmeriCorps State and National, VISTA and NCCC applicants, members and alumni - presenting a wealth of information and frequently requested forms and services. When using the system, you can monitor your award balance and the payments you have made, request a forbearance, access important financial forms, and, most importantly, quickly and easily make payments to your educational or financial institution. Payments to registered institutions can be completed within a week. The system also provides you with the ability to:
Important Information About Using My AmeriCorps In order to prevent a delay in the processing of Segal AmeriCorps Education Award payments, individuals must request payments electronically using the system, My AmeriCorps. This is a secure, user friendly and fast method for requesting payments to be remitted to qualified schools or loan holders. It also provides electronic records of payments requested and there are no forms to mail. The Corporation for National & Community Service cannot guarantee the prompt and accurate processing of requests for payments using paper forms. Payments requested by paper can take up to six months or more for processing and are less secure. You can also use My AmeriCorps to request forbearance, transfer an award (if eligible) and request an extension to the seven-year use period for your award. This secure on-line system speeds up the processing of these types of requests, minimizes errors, and provides a record for the actions taken. It is fast and easy to access your National Service Participant account in My AmeriCorps. To register or log into My AmeriCorps, click on the link below. Or, go to https://my.americorps.gov/mp/login.do and click on “Register to create a new Member/Alum account” and follow the instructions. Click here to log in to or register with My AmeriCorps today! |
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