Publication Date: May 17, 2006
Author: Jerry Yetter, Director of Accounting and Financial Management Services,
Subject: Announcement of Corporation for National and Community Service's new online payment system for AmeriCorps Education AwardsSummary: This letter provides a brief overview of the Corporation for National and Community Service's new online payment system that will allow AmeriCorps Education Award payments and other requests to be submitted and processed online. The new system eliminates the need to submit paper forms, while increasing the accuracy of the data and the speed with which payments are made.
Posted on 05-17-2006
The National Service Trust (Trust), an office of the Corporation for National and Community Service (CNCS), administers AmeriCorps Education Awards on behalf of AmeriCorps members. These awards include payment of interest that has accrued on student loans during members' terms of service and payment of educational expenses or outstanding student loan balances. The Trust is embarking on a landmark project to improve the way it does business with its members and partner institutions. Please share the following information with those in your organization who are responsible for working with the Trust.
Beginning late this summer, AmeriCorps members, educational institutions, and student loan holders will have access to a new online payment system where they will have the capability to submit and process AmeriCorps Education Award payments and other requests online. As a partner institution you can enjoy the immediate benefits of the system by simply registering once the new system becomes available. The automated payment process and online portal will provide many benefits to you and your students/borrowers. Here are just a few of the highlights:
We are very excited about the new online system and the advantages it provides to our customers. We look forward to enhancing your overall AmeriCorps Trust experience.
The new AmeriCorps Trust system will become effective in late summer of 2006. Look for more details on how to access the new system in the coming months. For additional information visit www.americorps.gov/for_organizations/trust or send an e-mail to firstname.lastname@example.org