People also ask
How many education awards can I earn as an AmeriCorps member?
Segal AmeriCorps Education Award amounts for national service positions approved for 2019-20) Additionally, an education award can be earned every term that an AmeriCorps member serves, up to the aggregate value of two full-time awards. CNCS recommends talking to your program manager to determine the exact amount you can earn for your award.
What can I use the Segal AmeriCorps Education Award for?
The Segal AmeriCorps Education Award can be used to pay future education costs at qualified institutions of higher education or to repay qualified student loans. Please note that the Segal AmeriCorps Education Award is subject to federal tax in the year the payment is made.
Does AmeriCorps withhold taxes from the award?
AmeriCorps does not withhold taxes from the award. By the end of January each year, AmeriCorps sends a 1099 MISC Form to all AmeriCorps members for whom payments have been made totaling $600.00 or more during the previous year. These include both payments from education awards and payments of interest that accrued while the person was serving.
Can I use my Segal ed award to study abroad?
Make sure your loans are federally backed since private loans may not be eligible. If you檝e ever wanted to travel and study abroad, your Segal Ed award could help cover some of your program costs. Alums have been able to enroll in study abroad programs through higher education institutions and pay for their programs through the school.