Education Award for Tuition or Student Loans
Tutors who successfully complete their terms of service will receive receive a Segal AmeriCorps Education Award education award. Awarded at the end of your the service term, it can be used to pay educational costs at eligible post secondary institutions, or to repay qualified student loans.
Estimated Education Award (by starting month)
August 2020: $4,466
Septemeber 2020: $3,097
November 2020: $3,097
January 2021: $2,360
The award has a seven-year expiration period and is considered taxable income in the year that it is used. Please note: Tutors who complete more than one term of service may only receive the total value of two full education awards.
Tutors who are 55 or older at the start of their service have an additional option. They may choose to transfer the education award to a child, stepchild, grandchild, step-grandchild, or foster child. The recipient of a transferred award has 10 years to use it, beginning on the date the member earned the award.
If a tutor is making payments to a federally-backed education loan, payments can be put into forbearance during their service. Upon successful completion of the program, the accrued interest will be paid by the National Service Trust. Learn more about loan forbearance on the AmeriCorps website.