leahhowse (leahhowse) wrote in americorpsalum,

Education Award

I looked through a few pages and wasn't able to find any other questions on the education award, so here goes:

I'll be finished my VISTA term on August 22 (yay!) and am trying to decide how I would get the most for my education award. I owe about $18,000 in student loans from undergrad, and am thinking about getting my MS sometime in the near future (grand total around $50,000). I've heard different things about the way the award is taxed depending on when you use it and I find the AmeriCorps website so frustrating that I wanted first hand experiences.

What's the better option here? Putting it towards my loan payments in a lump sum or using it towards tuition?
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