45 C.F.R. § 2526.40 What is the time period during which an individual must use an education award?
Title 45 - Public Welfare
(a) General requirement. An individual must use an education award within seven years of the date on which the individual successfully completes a term of service, unless the individual applies for and receives an extension in accordance with the requirements of paragraph (b) of this section. (b) Extensions. In order to receive an extension of the seven-year time period for using an education award, an individual must apply to the Corporation for an extension prior to the end of that time period. The Corporation will grant an application for an extension under the following circumstances: (1) If the Corporation determines that an individual was performing another term of service in an approved AmeriCorps position during the seven-year period, the Corporation will grant an extension for a time period that is equivalent to the time period during which the individual was performing the other term of service. (2) If the Corporation determines that an individual was unavoidably prevented from using the education award during the seven-year period, the Corporation will grant an extension for a period of time that the Corporation deems appropriate. An individual who is ineligible to use an education award as a result of the individual's conviction of the possession or sale of a controlled substance is not considered to be unavoidably prevented from using the education award for the purposes of this paragraph. [59 FR 30711, June 15, 1994. Redesignated and amended at 64 FR 37415, July 12, 1999]
Title 45: Public Welfare
PART 2526—ELIGIBILITY FOR AN EDUCATION AWARD
§ 2526.40 What is the time period during which an individual must use an education award?

