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Taxes

The Segal AmeriCorps Education Award, unlike most other scholarships and fellowships, is subject to federal tax in the year you have funds sent from your National Service Trust account to a school or lender. (If you use your award in 2013, you'll report it on the taxes you file by April 15, 2014.)
 
The end-of-term VISTA cash stipend is also subject to taxes.
 
When the National Service Trust pays interest off on your student loans, the amount paid is also considered taxable income.
 

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