Who It’s For: AmeriCorps participants who have completed an approved term of service.
How to Apply: You should be able to access the award through the My AmeriCorps Portal.
What Loans Qualify: Most federal loans and state-funded loans, although Parent PLUS loans will not qualify.
How Much?: The award varies depending on the participation type and number of hours of your qualifying AmeriCorps term of service. The highest possible award is $6,095.
Anything Else I Should Know?: Many AmeriCorps volunteers use forbearance to postpone payments while completing their term of service. One of the possible uses of this award is to pay off the interest that accrues during that time.