Ongoing Aid for Teachers

AmeriCorps Benefits

During one or both years that you are a Teach For America corps member, you may be eligible to also enroll as a member of AmeriCorps. To qualify for AmeriCorps enrollment, you must meet citizenship and service term requirement. AmeriCorps awards rely on federal funding. Given the competitive grant process and dependence on Congressional funding, we cannot guarantee these benefits to any corps member.
  • Education Awards
  • Loan Forbearance
  • Interest Payment

After each successful year as an AmeriCorps member, you may receive an education award of up to $5,730.

If there is a shortfall of funding we will prioritize the allocation of existing AmeriCorps benefits to:

  • Those who have qualified federal or state student loans
  • Those who teach in a region with the highest certification costs

An AmeriCorps education award can only be used toward:

  • Repayment of qualified student loans (a loan in your name provided by a federal or state agency
  • Payment of current or future educational expenses at a Title IV institution of higher education (includes most colleges and universities)

Many corps members use their education award to help with the costs of required certification coursework. For more details about certification costs, download our regional comparison spreadsheet.

Learn the full details of the AmeriCorps education award.

*Those who have already served in an AmeriCorps program and earned previous education awards may be ineligible to receive additional education awards. Several colleges and universities across the country match the AmeriCorps education award for their undergraduate or graduate students. See the full list.

AmeriCorps' loan forbearance benefit allows corps members to postpone regular monthly loan payments while serving as an AmeriCorps member. You can use loan forbearance to save for a major expense (car, grad school, etc.), pay off loans more efficiently, or put money toward other responsibilities.

AmeriCorps only guarantees forbearance for qualified loans–those provided through state or federal agencies.  However, several private lenders have determined that AmeriCorps membership is a valid reason for loan forbearance. 

Ultimately, for private loans, it’s at the lender’s discretion whether or not to grant forbearance.

Loans that are in forbearance still continue to accrue interest. AmeriCorps will pay up to 100 percent of the interest that accrues on your qualified student loans (those provided through a federal or state agency) after each successful year as an AmeriCorps member. Interest payments will not be deducted from your AmeriCorps education award.

Both loan forbearance and interest payment are subject to eligibility. Learn more about AmeriCorps' loan forbearance and interest accrual payment benefits.

Please Note: Per regulations, the AmeriCorps education award and interest accrual payments are considered taxable income for the year they are used.

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Employer Deferrals

If you are admitted to Teach For America and also offered another job, the employer may offer a two-year deferral that allows you join the corps first. The following companies have offered the most deferrals:

  • Deloitte

  • Google

  • PriceWaterhouseCoopers

  • Ernst & Young

  • General Electric

  • Nielsen

Alumni Recruiters

Companies can participate in our Full-Time Business Resume program, which helps them find and hire Teach For America alumni. The following companies have recruited the most alums:

  • Deloitte

  • Pearson

  • Target

  • Education Pioneers

  • Morningstar

  • Vanguard