Using Your MyAmeriCorps Account to Pay UM-SOE Cert Program Fees

8/3/2019 Using Your MyAmeriCorps Account to Pay UM-SOE Cert Program Fees

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Using Your MyAmeriCorps Account

to payUniversity of MichiganSchool of Education

TFA Certification Program Fees



Content

1. AmeriCorps Eligibility 2. Creating your MyAmeriCorps Account

3. Overview of Functions in MyAmeriCorps

4. Creating a Forbearance Request 5. Creating an Interest Accrual Request

6. Using your Ed Award

7. Additional Information: Service Letter & Tax

Forms

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AmeriCorps Eligibility – Current Criteria

Corps members must be a U.S. citizen, permanent resident or national to be eligible forAmeriCorps enrollment.

Corps members coming in without prior AmeriCorps experience are eligible for enrollmentwith the potential of earning a full education award during their first and second year

(contingent on Teach For America receiving AmeriCorps funding each year).Corps members with prior AmeriCorps service who have not reached the maximum four

term limit are eligible for enrollment during their first and their second year.

If you’ve already earned the maximum two full education awards you are stilleligible for enrollment and will have access to loan forbearance and interestaccrual payment options even though you won’t earn an education award

If you’ve earned some education award amounts from your previous service butare unsure whether or not they are considered “full” you may be eligible for additional education awards, full or partial, as a Teach For America AmeriCorpsmember

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Currently, corps members are limited to serving four terms with an

AmeriCorps program and can earn a maximum of two full education awards.



Creating your MyAmeriCorps Account

You will use your MyAmeriCorpsaccount to:

Update your contactinformation

Apply for loan forbearance Submit interest accrual

requests

Access your education awards

NOTE: Do not follow any links providedin MyAmeriCorps email messages asthey don’t always work properly. Instead

plug the website address directly intoyour browser – https://my.americorps.gov

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Click on this link to create anew account. Every newAmeriCorps member has tocreate their account here.

Once your regional office has successfully enrolled you in AmeriCorps you are ready tocreate your MyAmeriCorps account. Please note, you cannot create your MyAmeriCorps

account until you are enrolled (this happens, in most cases, several weeks AFTER youcomplete enrollment paperwork at your regional Induction.)

https://my.americorps.gov/

https://my.americorps.gov/



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Enter yourinformation here.

This should matchwhat you wrote onthe AmeriCorpsenrollment form youturned into yourregion.

NOTE: If you get an error message – “We wereunable to find a profile matching the informationthat you entered” – you should contact yourregional office to verify that you have beenenrolled and that your correct last name, DOB,SSN and E-mail were entered correctly into the

system.NOTE: If you get an error message – “Our records indicate that you have already registered.Please login or contact the help desk forassistance” – you have already created anaccount. Please contact the MyAmeriCorpshelpdesk to get your password/login.

Creating your MyAmeriCorps Account



MyAmeriCorps AccountHomepage

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Your MyAmeriCorpsaccount homepageincludes yourbiographicalinformation and

service terms,which will includeany AmeriCorpsprograms youserved-in in additionto Teach ForAmerica. Pleasenote that Teach For

America City/Stateinformation will notnecessary matchthe region you areteaching in.

Use the menu on the left side of the screen toaccess AmeriCorps benefits – loanforbearance, interest accrual payments, and

education awards. Please note, theeducation award and interest accrual linkswill not show up in your account until afteryour first year as an AmeriCorps member asthese benefits only become available uponexit from AmeriCorps after year 1 and year 2.



MyAmeriCorps Functions

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Once you have set up your MyAmeriCorps account, you can use it to manage your major

AmeriCorps benefits – forbearance, interest accrual, and education awards. AmeriCorpsnor Teach For America can offer you financial advice. Corps member may decide whetheror not they wish to access the financial benefits offered by AmeriCorps.

Remember, AmeriCorps functions on a year-by-year basis. This means that you’llbecome an AmeriCorps alum twice – once after your first year of teaching and againafter your second year. The following slide demonstrates how a typical year looks.

Select EDUCATIONAL AWARD



CM 2011-2012 AmeriCorps Timeline

TFA Application

College Transcripts

Photocopy of Passport/Birth Certificate

Publicity Release

Commitment Statement

FBI Fingerprint Card, Application Form,

$18 Cashier’s Check/Money Order Criminal History Check AuthorizationForm

FBI Contingency Form

Identity Checkusing a government-issued photo ID

2011 CM Contract

EmergencyContact Form

2011 AmeriCorps

Enrollment Form

Region Enrolls CMsin AmeriCorps (can

happen anytime betweenJuly – Sept, sometimeslater depending onAmeriCorps grant startdates)

Region notifies CMsand sends CMsMyAmeriCorpsguidance

CMs setup theirMyAmeriCorps accountsand verify theirenrollment

CMs submit loanforbearance requestsusing theirMyAmeriCorps accounts

CMs fulfill all programrequirements

CMs participate in allrequired AmeriCorpsevents

2011 AmeriCorps ExitForm

2011 Principal VerificationForm

Region Exits CMs fromAmeriCorps

CMs receive educationaward in MyAmeriCorpsaccount

Region notifies CMsand sends CMsMyAmeriCorps guidance

CMs submit educationaward to the University ofMichigan-SOE (typically by6/30 each year) payment andinterest accrual payment requests using theirMyAmeriCorps accounts

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UPON ENROLLMENTAUGUST 2011INDUCTIONPRE-INDUCTION

UPON EXITJUN/JUL

2012APR /MAY

2012SCHOOL YEAR

These items are only done once – prior to thestart of your first year. Everything else in thistimeline is completed twice – once during your

first year and again for your second year.



Education Award – Available After Exited

NOTES ON THE EDUCATION AWARD:

Depending on what grant you were enrolled on your education award at the end of each service year(school year) could either be $5350 or $5550.

Awards are deposited electronically into your MyAmeriCorps account when you are exited from the granteach year by your regional office, and become available for use immediately. This usually happensin June or July. You have six years to use your award, after which you’d want to apply for an awardextension using your MyAmeriCorps account.

You can use your education award to pay:

The cost of current the TFA Interim Certification Program at the University of Michigan –

School of Education, because we are a Title IV institution of higher education

The cost of current or future expenses at other Title IV institutions of higher educations

Qualified student loans (see slide 9) in your name

Note: Education awards are taxed as income in the years they are used. Any payment amount

(to pay on student loans, or on current educational expenses) in excess of $600 results inowing taxes. Interest accrual payments, although coming from funds separate from youreducation award, are also included in this $600. Please consult your financial/tax advisor withany questions regarding the taxing of AmeriCorps benefits.

Note: You cannot use education awards to reimburse yourself for educational expenses or topay on private loans, including transitional loans issued from Teach For America.

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Eligible corps members who successfully complete their service – meet all paperworkand programmatic requirements – earn an education award.



Creating an Education Award Payment Request

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Click on “Create Education AwardPayment Request” and select the

payment type: EducationExpense and insert theauthorized amount($4850). Please follow this

procedure even if you are currently or plan to enroll in the MA in Ed Studies: Urban

Pedagogy Program.

Education expenses: select touse your Education Award to payan education expense at

The Universityof Michigan-

SOE.



Creating an Education Award Payment Request

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Click “Search for Institutions” to

THE UNIVERSITY

OF MICHIGAN – SOE (education expense).

NOTE: Be sure to includeSOE at the end of your

search. UM and a fewother of its schools arelisted. You’ll want to take

extra care that you searchand find the School ofEducation (SOE) at theUniversity of Michigan.

Check all the boxes and click“Submit.” NOTE: Review slides 11-14 for

more detailed instructions.



Select: University of Michigan-SOE

UM and other UMchools may show upyour search.

LEASE BE SURE TOELECT

NIVERSITYF MICHIGAN-OE (School of

ducation).

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Reviewing Your MyAmeriCorps Activities

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Click on “My Education Award”and view your AccountStatement.

Keep in mind that requests cantake several weeks for

processing or can happen veryquickly. Please be patient andprepare for a lag time.

NOTE: If your EducationAward(s) is missing reach out toyour regional office to verify that

they have received all of yourAmeriCorps exit paperwork andthat your region has completedthe exiting process withAmeriCorps.

You can use your MyAmeriCorps account to review your award status, award balance,pending and completed requests.



Additional Information

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• Use the My Service Letter function to create a letter verifying your enrollment inAmeriCorps should a lender request one or if you feel it would support your forbearance

or other request.

• My Tax Statements are where you’ll find your 1099 IRS form should you makepayments equal to or greater than $600 in a tax year (payments are considered taxableincome). Remember, this includes payments made using your Education awards and/orInterest Accrual payments. Please direct any tax questions to your financial/tax advisor.

Questions regardingrequests or thestatus of yourrequests should bedirected atAmeriCorps and/oryour lender(institution).



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Thank You!

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For further information or questions regarding your MyAmeriCorps Account,

please contact:

[email protected]

Teach For America and the University of Michigan School of Education may beunable to assist corps members in some AmeriCorps benefits as these are provideddirectly by AmeriCorps and not by Teach For America or the University of MichiganSchool of Education . We will, however, provide as much guidance as we can and

direct you to the appropriate contact at AmeriCorps when necessary. It’s always best

to seek financial guidance from a financial/tax advisor.

mailto:[email protected]

mailto:[email protected]



Great Resource from AmeriCorps:http://edaward.org

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http://edaward.org/

http://edaward.org/



A few important notesThis presentation was adapted

from one presented to corpsmembers by TFA Detroit inAugust, 2011.

For questions regarding yourinvoice with the University ofMichigan SOE for certification

program fees, please contactthe Teacher EducationDepartment.

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Teacher EducationDepartment

Monday –Friday:8:00a.m. –5:00 p.m.610 E.

University Avenue, Room1228Ann Arbor, MI

48109-1259

Phone:734.615.1528Fax:

734.647.9158te.program

@umich.edu

Using Your MyAmeriCorps Account to Pay UM-SOE Cert Program Fees

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