As members of the AmeriCorps program, AmeriCorps members with Saga Education are eligible to earn the Segal Education Award (valued at approximately $6,895) at the completion of their service year, which can be applied toward future or existing, qualified student loans. It can also be used to pay for other forms of education and eligible training programs. Additionally, over 100 colleges and universities nationwide augment the Segal Education Award in some way, including matching AmeriCorps members’ award amount, waived registration fees, course credits, or service scholarships.
AmeriCorps members over 55+ years of age at the time of enrollment into their term of service are also eligible to transfer the award to a child, foster child, or grandchild!
During their service with us and as AmeriCorps members, qualified student loans are eligible for forbearance or deferment. You may also request the accrued interest be paid by the National Service Trust.
Continue reading more on this great benefit here.