Segal AmeriCorps Education Award (2024)

Segal AmeriCorps Education Award (1)

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Use your service experience and take a step toward your higher education goals.

About the EducationAward

After successfully completing your AmeriCorps term of service and enrolling in the National Service Trust, you are eligible to receive the Segal AmeriCorps Education Award. You can use the award to repay qualified student loans and to pay current educational expenses at eligible institutions of higher education and training programs.

Fast facts

Segal AmeriCorps Education Award (5)

$4.8B+

in education awards earned by AmeriCorps members to pay for college

Segal AmeriCorps Education Award (6)

$1M+

education awards paid annually to historically black colleges and universities (HBCUs)

Segal AmeriCorps Education Award (7)

The Value of an Education Award

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 term of national service is approved. The amount of the Pell Grant can change each year. Therefore, the amount of a full-time award can change. Once an individual earns an award, the dollar amount of that award will not change.The award amount varies based on the term of service completed.

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Ways You Can Use Your Educational Award

Pay Educational Expenses

You can use your education award to pay current educational expenses at eligible schools and at certain GI Bill-approved educational programs for veterans.

Eligible schools are higher educational institutions, both domestic and foreign, that currently participate in the Department of Education’s Title IV student aid programs. This category includes most post-secondary colleges, universities, and technical schools.

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Repay Qualified Student Loans

The Segal AmeriCorps Education Award can only be used to repay the qualified student loans listed below:

  • Loans backed by the federal government under Title IV of the Higher Education Act (except PLUS Loans to parents of students)
  • Loans under Titles VII or VIII of the Public Service Health Act
  • Loans made by a state agency, including state institutions of higher education

Use the MyAmeriCorps Portal to Manage Your Education Award

MyAmeriCorps Portal

Things You Should Know

Extending Your Award’s Use Period

You must use the Education Award within a seven year period. In special cases, an alumnus can extend the use period for the Education Award, limitations apply.

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Transfer Your Award

Education Awards can be transferred from alumni to family members under specific conditions. Read more about how to transfer your Education Award.

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Tax Implications

All payments made using the Segal AmeriCorps Education Award are subject to federal tax in the year each payment is made.

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Education Award Eligibility

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 term of national service is approved. The amount of the Pell Grant can change each year. Therefore, the amount of a full-time award can change. Once an individual earns an award, the dollar amount of that award will not change. The award amount for less than half-time service programs varies based on the required terms of service.

Anyone who completes a term of service within a 12-month period, in one of the following programs, is eligible to earn an education award.

  • AmeriCorps NCCC
  • AmeriCorps State and National
  • AmeriCorps VISTA*

*VISTA members who complete a term of service within a 12-month period may be eligible to choose a cash option in place of the education award.

Education Award Limitations

There are limitations on the number of terms an individual can serve in each AmeriCorps program, and on the maximum value of education awards one individual can receive.

Current limits on number of terms an individual can serve:

  • AmeriCorps NCCC- no limit on service terms, but members may NOT serve more than two consecutive NCCC terms without a break of at least 10 months before serving again
  • AmeriCorps State and National- four terms
  • AmeriCorps VISTA- five total years of service

Although an individual can serve more than two terms, a person cannot earn more than the aggregate value of two, full-time education awards.

Each term of service for which an individual earns an education award counts as one term of service in computing the term limitations. This includes terms for which a member earns a full-time, half-time, and any other type part-time or prorated education award. A prorated education award is an award that may be earned when an individual, for reasons beyond his or her control, cannot complete the entire service period. Generally, if a member is released before completing a term of service and does not receive the education award, that term counts as one of the terms served.

Find a School

Make your education award go further. Certain schools will provide scholarship or a match for AmeriCorps alumni with the Education Award.

Full list of Schools of National Service

Your Benefits

Learn more about the benefits that you’re eligible to receive while serving with AmeriCorps.

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Education Award FAQs

Still have questions about the Education Award? Are you an institution that processes award payments? Read our most frequently asked questions.

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Segal AmeriCorps Education Award (2024)

FAQs

How much is the Segal Education Award amount? ›

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 term of national service is approved. For fiscal year 2023 that value is $6,895 for full-time AmeriCorps members.

How many education awards can you get from AmeriCorps? ›

There are limits on the Segal Award and terms of service. An individual may not receive more than the aggregate (or total) value of two (2.0) full time Education Awards; AmeriCorps State and National members can serve up to four terms.

Can I cash out my Segal Education Award? ›

If I do not use my entire AmeriCorps educational award, may I get the difference in cash? No, the award can only be used to pay for classes at a Title IV school or to pay a qualified student loan. Can the AmeriCorps educational award pay for classes taken at school before I did AmeriCorps service?

How do you get the Segal AmeriCorps Education Award? ›

After successfully completing a term of service, AmeriCorps alumni who were enrolled in the National Service Trust are eligible to receive a Segal AmeriCorps Education Award. You can use the Award to pay future education costs at qualified institutions of higher education or to repay qualified student loans.

How long does it take for Segal award to be approved? ›

Types of Financial Aid Menu

Use these tips when considering your Segal Education Award: Processing takes 4-6 weeks.

Can I use my AmeriCorps education award to buy a computer? ›

Get a computer, text book, or other course materials

You can use your award to pay for expenses within the school's predetermined Cost of Attendance. (Cost of attendance is a financial aid term for the general amount it would cost for a student to attend that school).

What is the best way to use the Segal Award? ›

You can use the award to repay qualified student loans and to pay current educational expenses at eligible institutions of higher education and training programs.

Does AmeriCorps Education Award count as income? ›

If the education award and interest payments total more than $600 in a calendar year, members will receive a Form 1099 to be used in filing their income tax return. The total sum of interest payments and the Segal AmeriCorps Education Award are listed together on the 1099 form.

How much money does AmeriCorps give for college? ›

Money for College and Trade School

Individuals who complete a term of service in an AmeriCorps California program may earn up to $10,000 for college and trade school.

Can I give my Segal Education Award to someone else? ›

What can I do if I never use my education award? AmeriCorps members who are 55 or older at the start of their service term can transfer their education award to a child, step child, grandchild, step grandchild or foster child.

How to use segal award to pay loans? ›

By law, the award can be used to: 1) Repay qualified student loans 2) Pay the current cost of attending a qualified institution (see below) or a VA Approved Program. To receive payment, the member must either submit a payment request online or complete and sign Section A of the paper form.

How do I claim Segal Education Award on my taxes? ›

Are these payments taxable? Yes, Segal AmeriCorps Education Awards are taxable in the year they're paid. If you receive an award and the payment was $600 or more during the year, you should receive a Form 1099-MISC, Miscellaneous Information. The Form 1099-MISC will show the amount of the award in box 3, Other Income.

What is the most prestigious award in education? ›

8 Prestigious Awards and Honors for Teachers in India
  • ☛ CBSE Teacher Awards.
  • ☛ State Teacher Awards.
  • ☛ National ICT Awards for Teachers.
  • ☛ Microsoft Innovative Educator Experts.
  • ☛ National Award to Teachers by Trusts and Foundations.
  • ☛ Global Teacher Prize India.
  • ☛ National Science Teacher Award.
  • ☛ Conclusion.

Is the Segal Education Award taxable? ›

If I use the Segal AmeriCorps Education Award is it taxed? All payments made using the Segal AmeriCorps Education Award are subject to federal and possible state tax in the year each payment is made.

What is the living allowance for AmeriCorps 2024? ›

AmeriCorps VISTA: The Budget provides $141.626 million to AmeriCorps VISTA, an increase of $38.341 million above the FY 2023 Enacted level. This will fund approximately 5,700 members at a minimum living allowance of $13 per hour.

How much is the AmeriCorps stipend? ›

Members accrue the end-of-service cash stipend at a rate of $4.94 per day (approximately $1,800 for a full year of service). AmeriCorps leaders serving with the VISTA program accrue the end-of-service cash stipend at a rate of $8.22 per day (approximately $3,000 for a full year of service).

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