Will AmeriCorps pay off all the interest that accumulates on my student loans? Teri Hines March 09, 2018 01:32 Updated Follow Check out AmeriCorps’s accrued interest formula resource. Related articles How is interest paid on my loan by AmeriCorps? Does AmeriCorps pay interest on my current student loans? What is the forbearance process? What impact does being non-matriculated have on my tuition and financial aid at Relay? How do I fill out my FAFSA?