Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it true that AmeriCorps will pay any interest accrued during an individual’s term of service?

April 26, 2017accrued AmeriCorps individual pay service term

0

Posted

Is it true that AmeriCorps will pay any interest accrued during an individual’s term of service?

1 Answer

0

Posted

When a Fellow has successfully completed service and if his/her loans are in forbearance through the AmeriCorps, the Trust will pay all of the interest that accrued on the loan(s) during your term of service. Since these are benefits above and beyond the education award, interest payments will not be deducted from the amount of the award.