AmeriCorps Members receive a living allowance stipend (taxable) during their term of service. The modest living stipend is meant to assist AmeriCorps Members with their living expenses during their term of service. The living allowance for full-time AmeriCorps Members in the 2022-23 program year is $16,502.
Community Health Center, Inc. makes healthcare insurance available to full-time AmeriCorps Members if they are not otherwise covered by a healthcare policy at the time they begin the term of service. CHC allows AmeriCorps Members to remain on a parents’ or spouse’s plan; helps AmeriCorps Members obtain Husky insurance coverage; or helps AmeriCorps Members obtain insurance through the Federal Health Insurance Marketplace. Dependents are not eligible for health care benefits.
Following your successful completion of your AmeriCorps term of service (1700 hours), you will become eligible to receive the Segal AmeriCorps Education Award. The amount of the award for AmeriCorps Members enrolled in the 2022-23 program year is $6,495. This can be applied to pay for educational expenses at an eligible institution, to repay qualified student loans, or to do both. The award can be used for up to seven (7) years after the date that AmeriCorps Members complete their service term.
AmeriCorps Members may be eligible to receive a childcare benefit to pay all or part of their childcare costs. These childcare benefit payments are made directly to qualified childcare providers for childcare services provided to eligible children on behalf of the eligible AmeriCorps Members who need childcare services during their term of service. Childcare eligibility is determined by state guidelines and set by an external agency.
AmeriCorps Members are eligible to postpone the repayment of their qualified student loans for the length of their service term through an action called loan forbearance. The loan holder makes the determination if a loan is eligible for forbearance, but generally, most federally-guaranteed student loans qualify.
While AmeriCorps Members’ loans are in forbearance during the term of service, interest continues to accrue. However, if AmeriCorps Members successfully complete their term of service, they are eligible to have the National Service Trust pay all or a portion of the interest that accrued on qualified student loans that were placed in forbearance during the service term.
You will get to serve alongside other service-minded peers who seek to strengthen our communities. You will have opportunities during the service term to complete trainings and earn professional certifications for free. Further, you will join a network of nearly 1,000,000 AmeriCorps Alum, who can link you to resources and job opportunities following your AmeriCorps service.