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Segal AmeriCorps Education Award

Where can members find their W-2 or 1099 forms for tax purposes?

W-2s are used to report to the IRS that portion of the living allowance or stipend that is taxable. It is not used for reporting on the amount of the education award used.

AmeriCorps State and National members receive their W-2s from the program where they served. AmeriCorps VISTA and AmeriCorps NCCC members receive their W-2s from the Corporation for National and Community Service.

Form 1099 MISC is used to report to the IRS all education award payments, as well as interest payments if the payments total $600.00 or more for the year.

What about paying student loans during your term of service?

A member may be eligible for forbearance from the loan holder for a qualified student loan. During a period of forbearance, the member will not have to make payments, although interest continues to accumulate on the loans. If the loan was in forbearance, after the successfully completed term, CNCS will pay all or a portion of the interest that accrued on qualified student loans during the term of service. This amount is in addition to the Segal AmeriCorps Education Award.

What is the period of time in which the education award can be used?

A member may use the education award for up to seven years after his or her last day of service. For a transferred award, the recipient of the transferred award can use it for up to ten years from the original award earner's service completion date.

In certain circumstances, the use period may be extended if the member was unavoidably prevented from using the award. To be considered for an extension, a member must apply, in writing, for an extension before the end of the seven year period.

How can I find out if I can use my education award at a G.I. Bill approved program?

Veterans may use their education awards for courses, programs of education, apprenticeships, and on-the-job training programs that have been approved by the Secretary of Veterans Affairs. Education awards can be used by non-veterans only during a narrow window based upon when the member’s eligibility for an education award was certified (approved) by an authorized program staff.

Which institutions are considered qualified institutions?

Qualified institutions are institutions of higher education (including graduate and professional programs), as well as qualified vocational schools that currently participate in the Department of Education‘s Title IV student aid programs. An institution is considered a Title IV school, if it has an agreement with the U.S. Department of Education making its students eligible for at least one of the federally backed forms of financial assistance (such as Pell Grants, Perkins Loans, Stafford Loans, National Direct Loans, and Federal Consolidated Loans).

Will the My AmeriCorps portal show members and programs the value of education awards that a member has already earned?

Yes. A member’s home page shows the aggregate value of education awards earned to date. Also, when a program enrolls an individual into a position, the enrollment screen will show that information. A statement similar to this will be on the screen:

This member has served in 2 previous terms of service earning the value of "1.5" full-time education awards

out of a maximum possible two full-time education awards (2.0).


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