Maximum amount of the U.S. Department of Education’s Pell Grant.
Amount Determined by:
Because the AmeriCorps State and National education award amount is dependent upon the year in which the Corporation approved the program’s positions, members must contact their program to ascertain the education amount for which they are eligible.
- The amount of a full-time Segal AmeriCorps Education Award is equivalent to the maximum value of the Pell Grant for the fiscal year in which the term of national service is approved. Members should check with their program or project sponsor to confirm the amount of the award for which they are eligible.
- Because the maximum value of the Pell Grant can change every year, the amount of a full-time award can change in the future. However, once a member earns an award, the value of that award will not increase.
- For all programs, award amounts for part-time terms of service vary based upon the length of the required term of service.
- Payments made from Segal AmeriCorps Education Awards are considered taxable income in the year that the Corporation makes the payment to the school or loan holder.
- A member serving in a full-time term of service is required to complete the service within 12 months.
You can make payments from your award in full or part, and can take up to seven years after your term of service has ended to use your award.