Educational awards

(a) Removal of certain transfer restrictions Section 148(f) of the National and Community Service Act of 1990 (42 U.S.C. 12604(f)) is amended— (1) in paragraph (2)(A)— (A) by striking (A)(i) the and inserting (A) the; (B) by striking and and inserting or; and (C) by striking clause (ii); and (2) in paragraph (8)(B)— (A) by striking paragraphs and inserting paragraph; and (B) by striking and (4). (b) Uniform segal AmeriCorps educational award transferability Section 148(f)(2)(A) of the National and Community Service Act of 1990 (42 U.S.C. 12604(f)(2)(A)), as amended by subsection (a), is further amended by striking a national service program that receives a grant under subtitle C and inserting an approved national service position. (c) Designations for limitation on receipt of national service educational awards Section 146(c) of the National and Community Service Act of 1990 (42 U.S.C. 12602(c)) is amended— (1) by striking (c) Limitation on Receipt of National Service Educational Awards.—An individual and inserting the following: (c) Limitation on Receipt of National Service Educational Awards (1) In general An individual; (2) by striking service. The value and inserting the following: “service. (2) Summer of service awards The value. (d) Holder verification of award eligibility for student loan repayment Section 148(b) of the National and Community Service Act of 1990 (42 U.S.C. 12604(b)) is amended— (1) in paragraph (1)— (A) in subparagraph (C), by striking and at the end; (B) by redesignating subparagraph (D) as subparagraph (E); and (C) by inserting after subparagraph (C) the following: (D) includes the most recent date that the eligible individual involved became eligible for an award described in this paragraph; and; (2) by redesignating paragraphs (7) and (8) as paragraphs (8) and (9); and (3) by inserting after paragraph (6) the following: (7) Recordkeeping by loan holder On receipt of the application described in paragraph (1), the Corporation shall provide a record of such application to the holder. The holder shall maintain such record for a period of not less than 5 years, beginning on the date identified under paragraph (1)(D).. (e) Institutional certification of course completion Section 148(c) of the National and Community Service Act of 1990 (42 U.S.C. 12406(c)) is amended— (1) in paragraph (1)— (A) by inserting after contains the following: the most recent date that the eligible individual became eligible for an award described in this paragraph and; (B) by striking may after as the Corporation and inserting shall; and (C) by adding at the end the following: The Corporation, and the institution of higher education, shall each maintain a record of the application described in this paragraph for not less than 5 years, beginning on the most recent date described in this paragraph.; and (2) in paragraph (5), in the first sentence— (A) by inserting from after withdraw; and (B) by inserting any course during after complete. (f) Requirement for corporation verification of documentation Section 148 of the National and Community Service Act of 1990 (42 U.S.C. 12604) is amended— (1) by redesignating subsection (h) as subsection (i); and (2) by inserting after subsection (g) the following: (h) Verification Amounts in the Trust shall be available for uses described in this section (including uses described in paragraphs (1) through (6) of subsection (a)) only after the Corporation has reviewed and certified all required documentation described in this section for— (1) the eligibility of the eligible individual (including the recipient of an award transferred in accordance with subsection (g)), the holder (for use under subsection (b)), and the institution of higher education (for use under subsection (c)); and (2) any expenses incurred for purposes of carrying out the activities described paragraphs (1) through (6) of subsection (a)..