The Segal AmeriCorps Education Award is aid granted to a young person who completes a full term of national service to use toward college costs or paying down student loan debt. Over 900,000 individuals have earned AmeriCorps Education Awards since they were created. Because current law is markedly outdated, the Education Award is currently counted as annual gross income when filing federal taxes.
Service Year Alliance, along with our partner Voices for National Service and other members of the Service Year Policy Council, calls on Congress to update current law to align with the true intent of offering Education Awards and remove barriers that discourage young people from taking advantage of a hard-earned way to help pay for college or contribute to student loan debt repayment. Learn more about the Segal AmeriCorps Education Award taxability here.