It depends what you did with it. What should AmeriCorps programs know about the education award? AmeriCorps members have up to seven years to use the education award. AmeriCorps members may choose to use their education award in any of the following ways: Repay qualified student loans Pay current educational expenses at a qualified school, which may include tuition, fees, books, transportation, or other educational necessities Pay a combination of current educational expenses and repay qualified student loans Transfer the award to a child, grandchild, or foster child (AmeriCorps members 55 and older) The education award, unlike most other forms of scholarships and fellowships, is fully taxable in the year it is redeemed.

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hawkeye1

Question

How do I enter info about a CNCS Education Award ?

Forum|Forum|5 years ago
March 15, 2021
1 reply
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ColeenD3

It depends what you did with it.

What should AmeriCorps programs know about the education award?

AmeriCorps members have up to seven years to use the education award.
AmeriCorps members may choose to use their education award in any of the following ways:
- Repay qualified student loans
- Pay current educational expenses at a qualified school, which may include tuition, fees, books, transportation, or other educational necessities
- Pay a combination of current educational expenses and repay qualified student loans
- Transfer the award to a child, grandchild, or foster child (AmeriCorps members 55 and older)
The education award, unlike most other forms of scholarships and fellowships, is fully taxable in the year it is redeemed.