AmeriCorps is a U.S. federal government program that works to encourage and enable Americans to give back to their communities through service. As Teach For America Corps Members, you are also eligible to be an AmeriCorps Member!
Overview of Financial Benefits:
AmeriCorps enrollment is contingent on federal funding and given the nature of the AmeriCorps competitive grant process and the dependence on Congressional funding cycles, we cannot guarantee the following benefits to any corps member. Click here to read about all AmeriCorps benefits below.
Loan Forbearance and Accrued Interest Payment:
Postponement of loan repayment on qualified student loans.
Available to all current Corps Members even if you have already earned 2 full AmeriCorps Education awards.
Education Award:
$5000-$6000 for each full term of service. Can only be used to repay qualified student loans or to pay for current/future education expenses.
Payments made using the Segal Award are subject to federal taxes. Read through the AmeriCorps benefits website to learn how to minimize this for your taxes.
Available to all CM's who are enrolled and successfully complete and fulfill all requirements for service terms.