AmeriCorps is the national service program that allows people of all ages and backgrounds to earn help paying for education in exchange for a year of service. After completing one year of full-time service (from 10 to 12 months), AmeriCorps members receive an education voucher worth $4,725. The voucher can be used to cover future costs of college or vocational school and to pay back student loans. For details on how awards are earned, may be spent, and the process of actually receiving and using them, visit the AmeriCorps website or call the toll free number 1-800-942-2677.
Service with AmeriCorps does not entitle a borrower to a partial cancellation unless he/she meets the specific criteria of one of the loan cancellation types listed on the left hand side of this page. This is a loan payback program.