42 U.S.C. § 12604 — Disbursement of educational awards

Page 8348 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12604 silver scholar term shall receive a silver scholar educational award having a value of $1,000. (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.) Editorial Notes PRIOR PROVISIONS A prior section 147 of Pub. L. 101–610 was classified to section 12577 of this title prior to the general amend- ment of subtitle D of title I of Pub. L. 101–610 [former part D of this subchapter] by Pub. L. 103–82, § 102(a). 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 na- tional service in an approved national service position shall receive a national service educational award hav- ing 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 allow- ance 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 re- quired 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 sub- secs. (d) and (e). Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2009 AMENDMENT Amendment by Pub. L. 111–13 effective Oct. 1, 2009, see section 6101(a) of Pub. L. 111–13, set out as a note under section 4950 of this title. EFFECTIVE DATE Section effective Oct. 1, 1993, see section 123 of Pub. L. 103–82, set out as an Effective Date of 1993 Amend- ment note under section 1701 of Title 16, Conservation. § 12604. Disbursement of educational awards (a) In general Amounts in the Trust shall be available— (1) to repay student loans in accordance with subsection (b); (2) to pay all or part of the cost of attend- ance or other educational expenses at an insti- tution of higher education in accordance with subsection (c); (3) to pay expenses incurred in participating in an approved school-to-work program in ac- cordance with subsection (d); (4) to pay expenses incurred in enrolling in an educational institution or training estab- lishment that is approved under chapter 36 of title 38, or other applicable provisions of law, for offering programs of education, apprentice- ship, or on-job training for which educational assistance may be provided by the Secretary of Veterans Affairs; and (5) to pay interest expenses in accordance with regulations prescribed pursuant to sub- section (e). (b) Use of educational award to repay out- standing student loans (1) Application by eligible individuals An eligible individual under section 12602 of this title who desires to apply the national service educational award of the individual, an eligible individual under section 12602(a) of this title who served in a summer of service program and desires to apply that individual’s summer of service educational award, or an el- igible individual under section 12602(a) of this title who served in a silver scholar program and desires to apply that individual’s silver scholar educational award, to the repayment of qualified student loans shall submit, in a manner prescribed by the Corporation, an ap- plication to the Corporation that— (A) identifies, or permits the Corporation to identify readily, the holder or holders of such loans; (B) indicates, or permits the Corporation to determine readily, the amounts of prin- cipal and interest outstanding on the loans; (C) specifies, if the outstanding balance is greater than the amount disbursed under paragraph (2), which of the loans the indi- vidual prefers to be paid by the Corporation; and (D) contains or is accompanied by such other information as the Corporation may require. (2) Disbursement of repayments Upon receipt of an application from an eligi- ble individual of an application that complies with paragraph (1), the Corporation shall, as promptly as practicable consistent with para- graph (5), disburse the amount of the national service educational award, the summer of service educational award, or the silver schol- ar educational award, as applicable, that the eligible individual has earned. Such disburse- ment shall be made by check or other means that is payable to the holder of the loan and requires the endorsement or other certifi- cation by the eligible individual. (3) Application of disbursed amounts If the amount disbursed under paragraph (2) is less than the principal and accrued interest on any qualified student loan, such amount shall be applied according to the specified pri- orities of the individual. (4) Reports by holders Any holder receiving a loan payment pursu- ant to this subsection shall submit to the Cor- poration such information as the Corporation may require to verify that such payment was applied in accordance with this subsection and any regulations prescribed to carry out this subsection. (5) Notification of individual The Corporation upon disbursing the na- tional service educational award, the summer Page 8349 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12604 1 So in original. Probably should be followed by a comma. of service educational award, or the silver scholar educational award, as applicable, shall notify the individual of the amount paid for each outstanding loan and the date of pay- ment. (6) Authority to aggregate payments The Corporation may, by regulation, provide for the aggregation of payments to holders under this subsection. (7) ‘‘Qualified student loans’’ defined As used in this subsection, the term ‘‘quali- fied student loans’’ means— (A) any loan made, insured, or guaranteed pursuant to title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.), other than a loan to a parent of a student pursuant to section 428B of such Act (20 U.S.C. 1078–2); (B) any loan made pursuant to title VII or VIII of the Public Health Service Act [42 U.S.C. 292 et seq., 296 et seq.]; and (C) any loan (other than a loan described in subparagraph (A) or (B)) determined by an institution of higher education to be nec- essary to cover a student’s educational ex- penses and made, insured, or guaranteed by— (i) an eligible lender, as defined in sec- tion 435 of the Higher Education Act of 1965 (20 U.S.C. 1085); (ii) the direct student loan program under part D of title IV of such Act (20 U.S.C. 1087a et seq.); (iii) a State agency; or (iv) a lender otherwise determined by the Corporation to be eligible to receive dis- bursements from the National Service Trust. (8) ‘‘Holder’’ defined As used in this subsection, the term ‘‘hold- er’’ with respect to any eligible loan means the original lender or, if the loan is subse- quently sold, transferred, or assigned to some other person, and such other person acquires a legally enforceable right to receive payments from the borrower, such other person. (c) Use of educational awards to pay current educational expenses (1) Application by eligible individual An eligible individual under section 12602 of this title who desires to apply the individual’s national service educational award, an eligible individual under section 12602(a) of this title who desires to apply the individual’s summer of service educational award, or an eligible in- dividual under section 12602(a) of this title who served in a silver scholar program and de- sires to apply that individual’s silver scholar educational award, to the payment of current full-time or part-time educational expenses shall, on a form prescribed by the Corporation, submit an application to the institution of higher education in which the student will be enrolled that contains such information as the Corporation may require to verify the individ- ual’s eligibility. (2) Submission of requests for payment by in- stitutions An institution of higher education that re- ceives one or more applications that comply with paragraph (1) shall submit to the Cor- poration a statement, in a manner prescribed by the Corporation, that— (A) identifies each eligible individual filing an application under paragraph (1) for a dis- bursement of the individual’s national serv- ice educational award, summer of service educational award, or silver scholar edu- cational award, as applicable, under this subsection; (B) specifies the amounts for which such eligible individuals are, consistent with paragraph (6), qualified for disbursement under this subsection; (C) certifies that— (i) the institution of higher education has in effect a program participation agreement under section 487 of the Higher Education Act of 1965 (20 U.S.C. 1094); (ii) the institution’s eligibility to par- ticipate in any of the programs under title IV of such Act (20 U.S.C. 1070 et seq.) has not been limited, suspended, or termi- nated; and (iii) individuals using national service educational awards, summer of service educational awards, or silver scholar edu- cational awards, as applicable, received under this division to pay for educational costs do not comprise more than 15 percent of the total student population of the in- stitution; and (D) contains such provisions concerning fi- nancial compliance as the Corporation may require. (3) Disbursement of payments Upon receipt of a statement from an institu- tion of higher education that complies with paragraph (2), the Corporation shall, subject to paragraph (4), disburse the total amount of the national service educational awards 1 sum- mer of service educational awards, or silver scholar educational awards for which eligible individuals who have submitted applications to that institution under paragraph (1) are scheduled to receive. Such disbursement shall be made by check or other means that is pay- able to the institution and requires the en- dorsement or other certification by the eligi- ble individual. (4) Multiple disbursements required The total amount required to be disbursed to an institution of higher education under para- graph (3) for any period of enrollment shall be disbursed by the Corporation in 2 or more in- stallments, none of which exceeds 1⁄2 of such total amount. The interval between the first and second such installment shall not be less than 1⁄2 of such period of enrollment, except as necessary to permit the second installment to be paid at the beginning of the second semes- ter, quarter, or similar division of such period of enrollment. (5) Refund rules The Corporation shall, by regulation, pro- vide for the refund to the Corporation (and the Page 8350 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12604 crediting to the national service educational award, summer of service educational award, or silver scholar educational award, as appli- cable, of an eligible individual) of amounts disbursed to institutions for the benefit of eli- gible individuals who withdraw or otherwise fail to complete the period of enrollment for which the assistance was provided. Such regu- lations shall be consistent with the fair and equitable refund policies required of institu- tions pursuant to section 484B of the Higher Education Act of 1965 (20 U.S.C. 1091b). Amounts refunded to the Trust pursuant to this paragraph may be used by the Corpora- tion to fund additional approved national serv- ice positions under division C, additional ap- proved summer of service positions, and addi- tional approved silver scholar positions. (6) Maximum award The portion of an eligible individual’s total available national service educational award, summer of service educational award, or silver scholar educational award that may be dis- bursed under this subsection for any period of enrollment shall not exceed the difference be- tween— (A) the eligible individual’s cost of attend- ance and other educational expenses for such period of enrollment, determined in accord- ance with section 472 of the Higher Edu- cation Act of 1965 (20 U.S.C. 1087ll); and (B) the student’s estimated financial as- sistance for such period under part A of title IV of such Act (20 U.S.C. 1070 et seq.). (d) Use of educational award to participate in approved school-to-work programs The Corporation shall by regulation provide for the payment of national service educational awards, summer of service educational awards, and silver scholar educational awards to permit eligible individuals to participate in school-to- work programs approved by the Secretaries of Labor and Education. (e) Interest payments during forbearance on loan repayment The Corporation shall provide by regulation for the payment on behalf of an eligible indi- vidual of interest that accrues during a period for which such individual has obtained forbear- ance in the repayment of a qualified student loan (as defined in subsection (b)(7)), if the eligi- ble individual successfully completes the indi- vidual’s required term of service (as determined under section 12602(b) of this title). Such regula- tions shall be prescribed after consultation with the Secretary of Education. (f) Transfer of educational awards (1) In general An individual who is eligible to receive a na- tional service educational award or silver scholar educational award due to service in a program described in paragraph (2) may elect to receive the award (in the amount described in the corresponding provision of section 12603 of this title) and transfer the award to a des- ignated individual. Subsections (b), (c), and (d) shall apply to the designated individual in lieu of the individual who is eligible to receive the national service educational award or silver scholar educational award, except that amounts refunded to the account under sub- section (c)(5) on behalf of a designated indi- vidual may be used by the Corporation to fund additional placements in the national service program in which the eligible individual who transferred the national service educational award or silver scholar educational award par- ticipated for such award. (2) Conditions for transfer An educational award may be transferred under this subsection if— (A)(i) the award is a national service edu- cational award for service in a national serv- ice program that receives a grant under divi- sion C; and (ii) before beginning the term of service in- volved, the eligible individual is age 55 or older; or (B) the award is a silver scholarship edu- cational award under section 12653c(a) of this title. (3) Modification or revocation (A) In general An individual transferring an educational award under this subsection may, on any date on which a portion of the educational award remains unused, modify or revoke the transfer of the educational award with re- spect to that portion. (B) Notice A modification or revocation of the trans- fer of an educational award under this para- graph shall be made by the submission of written notice to the Corporation. (4) Prohibition on treatment of transferred award as marital property An educational award transferred under this subsection may not be treated as marital property, or the asset of a marital estate, sub- ject to division in a divorce or other civil pro- ceeding. (5) Death of transferor The death of an individual transferring an educational award under this subsection shall not affect the use of the educational award by the child, foster child, or grandchild to whom the educational award is transferred if such educational award is transferred prior to the death of the individual. (6) Procedures to prevent waste, fraud, or abuse The Corporation shall establish require- ments to prevent waste, fraud, or abuse in con- nection with the transfer of an educational award and to protect the integrity of the edu- cational award under this subsection. (7) Technical assistance The Corporation may, as appropriate, pro- vide technical assistance, to individuals and eligible entities carrying out national service programs, concerning carrying out this sub- section. (8) Definition of a designated individual In this subsection, the term ‘‘designated in- dividual’’ is an individual— Page 8351 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12604 (A) whom an individual who is eligible to receive a national service educational award or silver scholar educational award due to service in a program described in paragraph (2) designates to receive the educational award; (B) who meets the eligibility requirements of paragraphs (3) and (4) of section 12602(a) of this title; and (C) who is a child, foster child, or grand- child of the individual described in subpara- graph (A). (g) Exception With the approval of the Chief Executive Offi- cer, an approved national service program fund- ed under section 12571 of this title, may offer participants the option of waiving their right to receive a national service educational award, summer of service educational award, or silver scholar educational award, as appropriate, in order to receive an alternative post-service ben- efit funded by the program entirely with non- Federal funds. (h) ‘‘Institution of higher education’’ defined Notwithstanding section 12511 of this title, for purposes of this section the term ‘‘institution of higher education’’ has the meaning provided by section 102 of the Higher Education Act of 1965 [20 U.S.C. 1002]. (Pub. L. 101–610, title I, § 148, as added Pub. L. 103–82, title I, § 102(a), Sept. 21, 1993, 107 Stat. 820; amended Pub. L. 105–244, title I, § 102(c)(2), Oct. 7, 1998, 112 Stat. 1622; Pub. L. 111–13, title I, § 1405, Apr. 21, 2009, 123 Stat. 1515.) Editorial Notes REFERENCES IN TEXT The Higher Education Act of 1965, referred to in sub- secs. (b)(7)(A), (C)(ii) and (c)(2)(C)(ii), (6)(B), is Pub. L. 89–329, Nov. 8, 1965, 79 Stat. 1219. Title IV of the Act is classified generally to subchapter IV (§ 1070 et seq.) of chapter 28 of Title 20, Education. Parts A and D of title IV of the Act are classified generally to parts A (§ 1070 et seq.) and D (§ 1087a et seq.), respectively, of sub- chapter IV of chapter 28 of Title 20. For complete clas- sification of this Act to the Code, see Short Title note set out under section 1001 of Title 20 and Tables. The Public Health Service Act, referred to in subsec. (b)(7)(B), is act July 1, 1944, ch. 373, 58 Stat. 682. Titles VII and VIII of the Act are classified generally to sub- chapters V (§ 292 et seq.) and VI (§ 296 et seq.), respec- tively, of chapter 6A of this title. For complete classi- fication of this Act to the Code, see Short Title note set out under section 201 of this title and Tables. PRIOR PROVISIONS A prior section 148 of Pub. L. 101–610 was classified to section 12578 of this title prior to the general amend- ment of subtitle D of title I of Pub. L. 101–610 [former part D of this subchapter] by Pub. L. 103–82, § 102(a). AMENDMENTS 2009—Pub. L. 111–13, § 1405(1), substituted section catchline for former section catchline. Subsec. (a)(2) to (5). Pub. L. 111–13, § 1405(2), sub- stituted ‘‘cost of attendance or other educational ex- penses’’ for ‘‘cost of attendance’’ in par. (2), added par. (4), and redesignated former par. (4) as (5). Subsec. (b)(1). Pub. L. 111–13, § 1405(3)(A), inserted ‘‘, an eligible individual under section 12602(a) of this title who served in a summer of service program and desires to apply that individual’s summer of service educational award, or an eligible individual under sec- tion 12602(a) of this title who served in a silver scholar program and desires to apply that individual’s silver scholar educational award,’’ after ‘‘the national service educational award of the individual’’ in introductory provisions. Subsec. (b)(2). Pub. L. 111–13, § 1405(3)(B), inserted ‘‘, the summer of service educational award, or the sil- ver scholar educational award, as applicable,’’ after ‘‘the national service educational award’’. Subsec. (b)(5). Pub. L. 111–13, § 1405(3)(C), inserted ‘‘, the summer of service educational award, or the sil- ver scholar educational award, as applicable’’ after ‘‘the national service educational award’’. Subsec. (b)(7)(C). Pub. L. 111–13, § 1405(3)(D), added subpar. (C). Subsec. (c)(1). Pub. L. 111–13, § 1405(4)(A), inserted ‘‘, an eligible individual under section 12602(a) of this title who desires to apply the individual’s summer of service educational award, or an eligible individual under section 12602(a) of this title who served in a silver scholar program and desires to apply that individual’s silver scholar educational award,’’ after ‘‘national serv- ice educational award’’. Subsec. (c)(2)(A). Pub. L. 111–13, § 1405(4)(B)(i), in- serted ‘‘, summer of service educational award, or sil- ver scholar educational award, as applicable,’’ after ‘‘national service educational award’’. Subsec. (c)(2)(C)(iii). Pub. L. 111–13, § 1405(4)(B)(ii), in- serted ‘‘, summer of service educational awards, or sil- ver scholar educational awards, as applicable,’’ after ‘‘national service educational awards’’. Subsec. (c)(3). Pub. L. 111–13, § 1405(4)(C), inserted ‘‘summer of service educational awards, or silver schol- ar educational awards’’ after ‘‘national service edu- cational awards’’. Subsec. (c)(5). Pub. L. 111–13, § 1405(4)(D), inserted ‘‘, summer of service educational award, or silver scholar educational award, as applicable,’’ after ‘‘na- tional service educational award’’ and ‘‘, additional ap- proved summer of service positions, and additional ap- proved silver scholar positions’’ before period at end. Subsec. (c)(6). Pub. L. 111–13, § 1405(4)(E)(i), inserted ‘‘, summer of service educational award, or silver scholar educational award’’ after ‘‘national service edu- cational award’’ in introductory provisions. Subsec. (c)(6)(A). Pub. L. 111–13, § 1405(4)(E)(ii), in- serted ‘‘and other educational expenses’’ after ‘‘cost of attendance’’. Subsec. (c)(6)(B). Pub. L. 111–13, § 1405(4)(E)(iii), added subpar. (B) and struck out former subpar. (B) which read as follows: ‘‘the sum of— ‘‘(i) the student’s estimated financial assistance for such period under part A of title IV of such Act (20 U.S.C. 1070 et seq.); and ‘‘(ii) the student’s veterans’ education benefits, de- termined in accordance with section 480(c) of such Act (20 U.S.C. 1087vv(c)).’’ Subsec. (d). Pub. L. 111–13, § 1405(5), inserted ‘‘, summer of service educational awards, and silver scholar educational awards’’ after ‘‘national service educational awards’’. Subsec. (e). Pub. L. 111–13, § 1405(6), substituted ‘‘sub- section (b)(7)’’ for ‘‘subsection (b)(6)’’. Subsec. (f). Pub. L. 111–13, § 1405(9), added subsec. (f). Former subsec. (f) redesignated (g). Pub. L. 111–13, § 1405(7), substituted ‘‘Chief Executive Officer’’ for ‘‘Director’’ and inserted ‘‘, summer of serv- ice educational award, or silver scholar educational award, as appropriate,’’ after ‘‘national service edu- cational award’’. Subsecs. (g), (h). Pub. L. 111–13, § 1405(8), redesignated subsecs. (f) and (g) as (g) and (h), respectively. 1998—Subsec. (g). Pub. L. 105–244 substituted ‘‘section 102 of the Higher Education Act of 1965’’ for ‘‘section 481(a) of the Higher Education Act of 1965 (20 U.S.C. 1088(a))’’. Page 8352 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12605 1 See References in Text note below. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2009 AMENDMENT Amendment by Pub. L. 111–13 effective Oct. 1, 2009, see section 6101(a) of Pub. L. 111–13, set out as a note under section 4950 of this title. EFFECTIVE DATE OF 1998 AMENDMENT Amendment by Pub. L. 105–244 effective Oct. 1, 1998, except as otherwise provided in Pub. L. 105–244, see sec- tion 3 of Pub. L. 105–244, set out as a note under section 1001 of Title 20, Education. EFFECTIVE DATE Section effective Oct. 1, 1993, see section 123 of Pub. L. 103–82, set out as an Effective Date of 1993 Amend- ment note under section 1701 of Title 16, Conservation. § 12605. Repealed. Pub. L. 111–13, title I, § 1406(b), Apr. 21, 2009, 123 Stat. 1521 Section, Pub. L. 108–45, § 2, July 3, 2003, 117 Stat. 844, related to the process of approval of national service positions. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective Oct. 1, 2009, see section 6101(a) of Pub. L. 111–13, set out as an Effective Date of 2009 Amendment note under section 4950 of this title. § 12606. Approval process for approved positions (a) Timing and recording requirements (1) In general Notwithstanding divisions C, D, and H, and any other provision of law, in approving a po- sition as an approved national service posi- tion, an approved summer of service position, or an approved silver scholar position, the Corporation— (A) shall approve the position at the time the Corporation— (i) enters into an enforceable agreement with an individual participant to serve in a program carried out under division E of this subchapter, section 12653b or 12653c(a) of this title, or under title I of the Domes- tic Volunteer Service Act of 1973 (42 U.S.C. 4951 et seq.), a summer of service program described in section 12563(c)(8) of this title, or a silver scholarship program described in section 12653c(a) of this title; or (ii) except as provided in clause (i), awards a grant to (or enters into a con- tract or cooperative agreement with) an entity to carry out a program for which such a position is approved under section 12573 of this title; and (B) shall record as an obligation an esti- mate of the net present value of the national service educational award, summer of serv- ice educational award, or silver scholar edu- cational award associated with the position, based on a formula that takes into consider- ation historical rates of enrollment in such a program, and of earning and using national service educational awards, summer of serv- ice educational awards, or silver scholar educational awards, as appropriate, for such a program and remain available. (2) Formula In determining the formula described in paragraph (1)(B), the Corporation shall consult with the Director of the Congressional Budget Office. (3) Certification report The Chief Executive Officer of the Corpora- tion shall annually prepare and submit to the authorizing committees a report that contains a certification that the Corporation is in com- pliance with the requirements of paragraph (1). (4) Approval The requirements of this subsection shall apply to each approved national service posi- tion, approved summer of service position, or approved silver scholarship position that the Corporation approves— (A) during fiscal year 2010; and (B) during any subsequent fiscal year. (b) Reserve account (1) Establishment and contents (A) Establishment Notwithstanding divisions C, D, and H, and any other provision of law, within the Na- tional Service Trust established under sec- tion 12601 of this title, the Corporation shall establish a reserve account. (B) Contents To ensure the availability of adequate funds to support the awards of approved na- tional service positions, approved summer of service positions, and approved silver schol- ar positions, for each fiscal year, the Cor- poration shall place in the account— (i) during fiscal year 2010, a portion of the funds that were appropriated for fiscal year 2010 or a previous fiscal year under section 12681 of this title or section 501 of the Domestic Volunteer Service Act of 1973 (42 U.S.C. 5081), were made available to carry out division C, D, or E of this sub- chapter, section 12653b or 12653c(a) of this title, subtitle A 1 of title I of the Domestic Volunteer Service Act of 1973, or summer of service programs described in section 12563(c)(8) of this title, and remain avail- able; and (ii) during fiscal year 2011 or a subse- quent fiscal year, a portion of the funds that were appropriated for that fiscal year under section 12681 of this title or section 501 of the Domestic Volunteer Service Act of 1973 (42 U.S.C. 5081), were made available to carry out division C, D, or E of this sub- chapter, section 12653b or 12653c(a) of this title, subtitle A 1 of title I of the Domestic Volunteer Service Act of 1973, or summer of service programs described in section 12563(c)(8) of this title, and remain avail- able. (2) Obligation The Corporation shall not obligate the funds in the reserve account until the Corporation— (A) determines that the funds will not be needed for the payment of national service educational awards associated with pre- viously approved national service positions,