42 U.S. Code § 12603 - Determination of the amount of the educational award

(a) Amount for full-time national service
Except as provided in subsection (c), an individual described in section 12602 (a) of this title who successfully completes a required term of full-time national service in an approved national service position shall receive a national service educational award having a value equal to the maximum amount of a Federal Pell Grant under section 1070a of title 20 that a student eligible for such Grant may receive in the aggregate (without regard to whether the funds are provided through discretionary or mandatory appropriations), for the award year for which the national service position is approved by the Corporation.
(b) Amount for part-time national service
Except as provided in subsection (c) of this section, an individual described in section 12602 (a) of this title who successfully completes a required term of part-time national service in an approved national service position shall receive a national service educational award having a value equal to 50 percent of value of the national service educational award determined under subsection (a) of this section.
(c) Award for partial completion of service
If an individual serving in an approved national service position is released in accordance with section 12593 (c)(1)(A) of this title from completing the full-time or part-time term of service agreed to by the individual, the Corporation may provide the individual with that portion of the national service educational award approved for the individual that corresponds to the quantity of the term of service actually completed by the individual.
(d) Amount for summer of service
An individual described in section 12602 (a) of this title who successfully completes a required summer of service term shall receive a summer of service educational award having a value, for each of not more than 2 of such terms of service, equal to $500 (or, at the discretion of the Chief Executive Officer, equal to $750 in the case of a participant who is economically disadvantaged).
(e) Amount for silver scholars
An individual described in section 12602 (a) of this title who successfully completes a required silver scholar term shall receive a silver scholar educational award having a value of $1,000.

Source

(Pub. L. 101–610, title I, § 147, as added Pub. L. 103–82, title I, § 102(a),Sept. 21, 1993, 107 Stat. 819; amended Pub. L. 111–13, title I, § 1404,Apr. 21, 2009, 123 Stat. 1515.)
Amendments

2009—Pub. L. 111–13, § 1404(1), substituted section catchline for former section catchline.
Subsec. (a). Pub. L. 111–13, § 1404(2), amended subsec. (a) generally. Prior to amendment, text read as follows: “Except as provided in subsection (c) of this section, an individual described in section 12602 (a) of this title who successfully completes a required term of full-time national service in an approved national service position shall receive a national service educational award having a value, for each of not more than 2 of such terms of service, equal to 90 percent of—
“(1) one-half of an amount equal to the aggregate basic educational assistance allowance provided in section 3015 (b)(1) of title 38 (as in effect on July 28, 1993), for the period referred to in section 3013(a)(1) of such title (as in effect on July 28, 1993), for a member of the Armed Forces who is entitled to such an allowance under section 3011 of such title and whose initial obligated period of active duty is 2 years; less
“(2) one-half of the aggregate basic contribution required to be made by the member in section 3011(b) of such title (as in effect on July 28, 1993).”
Subsec. (b). Pub. L. 111–13, § 1404(3), struck out “, for each of not more than 2 of such terms of service,” after “having a value”.
Subsecs. (d), (e). Pub. L. 111–13, § 1404(4), added subsecs. (d) and (e).
Prior Provisions

A prior section 147 ofPub. L. 101–610was classified to section 12577 of this title prior to the general amendment of subtitle D of title I of Pub. L. 101–610[former part D of this subchapter] by Pub. L. 103–82, § 102(a).
Effective Date of 2009 Amendment

Amendment by Pub. L. 111–13effective Oct. 1, 2009, see section 6101(a) ofPub. L. 111–13, set out as a note under section 4950 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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42 USCDescription of ChangeSession YearPublic LawStatutes at Large

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45 CFR - Public Welfare

45 CFR Part 2525 - NATIONAL SERVICE TRUST: PURPOSE AND DEFINITIONS

45 CFR Part 2526 - ELIGIBILITY FOR AN EDUCATION AWARD

45 CFR Part 2527 - DETERMINING THE AMOUNT OF AN EDUCATION AWARD

45 CFR Part 2528 - USING AN EDUCATION AWARD

45 CFR Part 2529 - PAYMENT OF ACCRUED INTEREST

45 CFR Part 2530 - TRANSFER OF EDUCATION AWARDS

 

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