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AmeriCorps was founded as a result of the National Service Act signed into law in 1990. This organization encompasses both the Volunteers in Service to America (VISTA) program and the National Civilian Community Corps (NCCC). There are opportunities for service in a range of areas such as tutoring, house renovation and disaster relief. Depending on your age, interest, and experience you can choose between a number of programs. This volunteer organization is a great way to give back and provides many benefits to those who serve. AmeriCorps is often a starting place for individuals who are seeking a career in public service or social work.If you have built up student loans to pay off or are looking for a way to finance college, AmeriCorps could be the path for you. One of the many options to consider when contemplating serving with AmeriCorps is loan forbearance. If you apply and are eligible for this program, you can delay paying back student loans through the duration of your service and at the end of your service, the National Service Trust will pay the interest that was accrued during your time serving.Another attractive feature of AmeriCorps is the Segal AmeriCorps Education Award. Members who complete a term of service are eligible for this award, which can be used to repay qualified student loans or pay current education expenses at a qualified school.The College Cost Reduction and Access Act of 2007 added another attractive option for AmeriCorps members. The Public Service Loan Forgiveness Program (PSLF) is a way for individuals working in a public service job, which includes AmeriCorps service, to have their student loans forgiven by the Department of Education after they have made 120 qualifying payments on the loan. Certain criteria stipulate what constitutes a qualifying payment.