The AmeriCorps education award is a $5,550 (dollar value can differ depending on length of service term) award that you can use to attend qualified institutions of higher education or training, or to repay qualified student loans. To qualify for an education award, you must successfully complete the required term of service for your program. You can use your education award for up to 7 years in the following ways, or a combination of them:
- to repay qualified existing or future student loans;
- to pay all or part of the cost of attending a qualified institution of higher education (including certain vocational programs); or
- to pay expenses while participating in an approved school-to-work program.