Education Award. Upon successful completion of the Member’s term of service, a full-time member is eligible to receive an education award of $_______. The education award amount is based on previous terms of service as outlined by the Corporation for National and Community Service. Prorated benefits may be paid only if a participant is released for a compelling personal circumstance after serving no less than fifteen percent (15%) of the contracted time. The Member will receive a virtual voucher which may be used toward future educational costs or toward repayment of qualified student loans as defined by the Trust and/or the Corporation. A Member will have seven (7) years after the completion of service to use the education benefit. The education award is taxable in the year that it is used. The member understands that his/her failure to disclose to the program any history of having been released for cause from an AmeriCorps program will render the member ineligible to receive the education award. Healthcare Coverage (Full-time Members Only) Full-time members are eligible to receive health insurance coverage at no cost to the member. AmeriCorps requires all members to enroll in their health plan UNLESS proof of other coverage is submitted. If a member elects not to enroll in the XYZ AmeriCorps healthcare plan they must verify that they are covered by a Minimum Essential Coverage compliant healthcare policy. If a member elects not to participate in the XYZ AmeriCorps healthcare plan and loses their coverage during their term of service through no fault of their own they are eligible to participate in the XYZ AmeriCorps healthcare plan. The member must notify the program if their eligibility status for healthcare care insurance changes during their term of service.
Education Award. Upon successful completion of the member’s term of service, the member will receive an education award in voucher form having a gross value of $5,815 for full-time members or $2,908 for half-time members, or $1,538 for quarter- time members, if they have not received the aggregated value of two (2) full-time education awards previously. Any member who has previously received the value of two (2) full time previous education awards from the National Service Trust will not be eligible for additional education awards under any circumstances. The member understands that this award counts as taxable income in the year in which it is used. Prior to using the education award, the member agrees that in the event that s/he has not yet received a high school diploma or its equivalent, including an alternative diploma or certificate for individuals with learning disabilities, then s/he is required to obtain a high school diploma or its equivalent (unless the member is enrolled in an institution of higher education on an ability to benefit basis or the Program has waived the requirement due to the results of the member’s education assessment). The member further agrees to provide the National Service Trust with documentation of successful completion of her/his GED so as to be able to access the education award. The member understands that his/her failure to disclose to the Program any history of having already served in previous terms as an AmeriCorps member (of any type) or of having been released for cause from another AmeriCorps Program will render the member ineligible to receive the education award. Members understand that if they are at least 55 years old when they start service and they meet all AmeriCorps requirements, then they may be eligible to transfer all or part of the education award to a child, grandchild, xxxxxx child, or xxxxxx grandchild.
Education Award. Insert requirements of successful service that will qualify a member for an education award Award Amount The amount of a full-time education award is equivalent to the maximum value of the Pell Grant for the award year in which the term of national service is approved. Prior to fiscal year 2010, the amount of an education award had remained the same since the AmeriCorps program began. The amount of the Pell Grant can change every year, the amount of a full-time award can change in the future. However, once a member earns an award, the dollar value of that award will not increase. For all programs, award amounts for part-time terms of service vary based upon the length of the required term of service. As a reference, here is a chart that shows the amounts of education awards for various types of national service positions that are approved (effective) in fiscal year 2015, which began October 1, 2014. XXXXX EDUCATION AWARD AMOUNTS
Education Award. For as long as the benefit is provided generally to other employees of The Paradies Shops, Employees shall be entitled to participate in the Education Award benefit as it is described, and subject to all terms and conditions contained, in the then-current First Class Associate Handbook as amended.
Education Award. Select the correct Education Award that the Fellow signing this agreement will be receiving: ϒ Xxxxx Education Award ϒ Dream Act Service Incentive Grant ϒ Institution Education Award Additional information on each of these awards is included below and should be reviewed with all Fellows as part of signing this agreement.
Education Award. When an AmeriCorps member successfully completes a term of service, he or she will receive an education award that can be used to attend qualified institutions of higher education or training or to repay qualified student loans. An education award can be used in the following ways, or in combination: • To repay qualified existing or future student loans; • To pay all or part of the current cost of attending a qualified institution of higher education (including certain vocational programs); or • To pay current expenses while participating in an approved school-to-work program. A member who leaves for compelling personal circumstances (as determined by the New Jersey AmeriCorps Xxxxxx Leader Program Staff) and serves at least 15% of their term, may be eligible for a prorated award based on the number of service hours completed. Members may receive up to two education awards, and only for the first two terms of service, regardless of whether they are for full-time, part-time or reduced part-time terms. Even if the member did not complete one of the first two terms of service, they cannot receive an education award for a third term. “Cost of attending” may include tuition, room and board, books, supplies, transportation, and other various expenses. The financial aid office of each school has information on expenses for specific academic programs, and that office determines the cost of attendance for the school. The education award is taxed in the year it is used. For example, if all or part of the award is used for college in the Spring of 2001, when taxes are filed for 2001, taxes must be paid on the portion of the award used. However, the member may be able to take advantage of the Hope Scholarship Credit or the Lifelong Learning Circle Credit. Those credits may provide the member with significant tax relief. Both the Department of Education and the Internal Revenue Service have information on these tax provisions. The Corporation for National Service does not deduct taxes from the award, but in late January a 1099 form for the member becomes available via the My AmeriCorps portal. The 1099 Form reflects the amount that the National Service Trust reports to the IRS as taxable miscellaneous income. If you have questions about how to file taxes for your award, contact your local IRS office. The College of New Jersey and the Xxxxxxx & Xxxxxxx X. Xxxxxx Foundation are not responsible for funding or replacing Education Awards or other stipend funds provided by A...
Education Award. Upon successful completion of the full term of service, the Member will receive an Education Award in the amount of $4,266.50 (pre-tax) from the National Service Trust. The following conditions also apply:
Education Award. Upon successful completion of the MTCC member's term of service, the MTCC member will receive an education award from the National Service Trust. Full-time (1700 hour) MTCC members will receive a $5,920 education award. Education awards can be used to repay qualified student loans, to pay the cost of attending qualified institutions of higher education (including certain vocational programs), or for members 55 and older at the commencement of their term of service, they may transfer their education award to a child, grandchild, or xxxxxx child in accordance with the guidelines of CNCS. Please review the Educational Award Tutorial on the MTCC program website for how to use your educational award. The education award is valid for seven years after the date the MTCC member completed the Program. The education award is taxable at the time it is used. In addition:
Education Award. Upon successful completion of the Member’s term of service, the Member may be eligible to receive an Education Award from the National Service Trust. For successful completion of a term of service, the maximum amount of Education Award the Member may be eligible to receive is listed in the position details at the beginning of this agreement. A Member is only eligible to receive up to a total value of two full-time education awards through service with AmeriCorps. If the Member has not yet received a high school diploma or its equivalent (including an alternative diploma or certificate for individuals with learning disabilities), the Member agrees to obtain a high school diploma or its equivalent before using the education award. This requirement can be waived if the Member is enrolled in an institution of higher education on an ability to benefit basis or the Program has waived this requirement due to the results of the Member’s education assessment. The Member understands that their failure to disclose to the Program any history of having been released for cause from another AmeriCorps program will render them ineligible to receive the education award. If the Member has received forbearance on a qualified student loan during the term of service, the National Service Trust will repay up to 100% of the interest that accrued on the loan during the term of service. The member may need to choose this option prior to using their education award for full benefit. Worker’s Compensation: The Alliance provides workers compensation for Members that are injured at their Site while serving. To file a claim, please contact Xxxx Xxxx, xxxxx@xxxxxxx.xxx, (000) 000-0000, within 24
Education Award. Upon successful completion of the term of service, the member will receive the education award listed at the top of this form from the National Service Trust. Education awards can be used to repay qualified student loans or pay the cost of attending eligible higher education institutions (including specific vocational programs). Please review the AmeriCorps website for more information on how to use your educational award. See The Purpose Confluence for alternative ways to use the education award. In addition: • The education award is valid for seven years after the date the member completed the program. • The education award is taxable at the time used. • If the member has not yet received a high school diploma or its equivalent (including an alternative diploma or certificate for individuals with learning disabilities), then they must agree to obtain a high school diploma or its equivalent before using the education award. • Members 55 and older may transfer their education award to a child, grandchild, or xxxxxx child per the guidelines of AmeriCorps. • Failure to disclose any history of being released for cause from another AmeriCorps program may render the member ineligible to receive the education award.
