In order for you to accept an award transfer you must:
• be the child, foster child, or grandchild of the transferring individual;
• be a US citizen, National, or lawful permanent resident alien;
• not receive more than the aggregate value of two full time awards, including the transferred amount;
• use the transferred award within 10 years from the date the transferring individual completed the term of service upon which the award is based; and
• comply with all the legal provisions and CNCS policies respecting the use of an Education Award (see Guidelines & Uses and other Help screens for more details).
The transfer will be effective the date you accept it; however, CNCS must establish an account for you, if you are not already enrolled, at which point you can register online and request payments electronically to qualified schools and loan holders. If for some reason you do not have access to the web you may request a printed copy of the voucher and the interest payment form by contacting the Helpdesk at 1-800-942-2677.
However, please note that you may not receive more than the aggregate value of two full time awards, including the transferred award amount.
You may accept the award transfer in full or in part, or decline the offer; simply select that option. You might decline an award transfer if the value of the transferred award, when combined with the value of educational awards you have previously received or expect to receive, would prevent you from enrolling in a term of service.
You may take back your acceptance of the transferred award at any time prior to using it. However, this decision is final. You might do this if you had decided that you would be unable to use the funds as intended or in the time allowed. Use the Rescind Acceptance of Award Transfer Form if you choose this option.