(a) Full-time term of service. Except as provided in paragraph (d) of this section, the education award for a full-time term of service in an approved national service position of at least 1,700 hours will be equal to the maximum amount of a Federal Pell Grant under section 401 of the Higher Education Act of 1965 (20 U.S.C. 1070a) that a student eligible for that grant may receive in the aggregate for the award year in which the term of service is approved by AmeriCorps.
(b) Less than full-time term of service. Except as provided in paragraph (d) of this section, the amount of an education award for an approved national service position for less than full-time term of service (i.e., partial award) is determined in accordance with the following table:
| For:
| In an approved
position of at least:
(hours)
| Is equal to the following percentage of the amount of an education award for a full-time term of service described in paragraph (a) of this section:
|
|---|
| Three quarters time term of service (TQT) | 1,200 | 70 percent.
|
| Half-time term of service (HT) | 900 | 50 percent.
|
| Reduced half-time term of service (RHT) | 675 | Approximately 39 percent.
|
| Quarter-time term of service (QT) | 450 | Approximately 26 percent.
|
| Minimal time and summer associate (MT & SA) | 300 | Approximately 21 percent.
|
| Abbreviated time (AT) | 100 | 5.6 percent. |
(c) Calculating a pro-rated award following release for compelling personal circumstances. The education award for an Eligible Individual who is released from completing an approved term of service for compelling personal circumstances is equal to the product of:
(1) The number of hours completed divided by the number of hours in the approved term of service; and
(2) The amount of the education award for the approved term of service.
(d) Calculating a discounted education award amount. To ensure that an Eligible Individual receives no more than the aggregate value of two awards, pursuant to § 2525.50, if the sum of the education award value offered for a term of service and the aggregate value of previously-received education awards exceeds the value of two awards, then the individual may receive only a portion of that offered education award, such that the aggregate value of the education awards is not greater than the value of two awards.