EDUCATION: Volunteering Pays Big By Eileen Ambrose from the Baltimore Sun

The job market for the newly laid-off and soon-to-be college graduates is the worst in years. So if you’re one of those seeking but not finding work, what can you do?

Consider volunteering.

Volunteer

It’s good for the soul, and, thanks to legislation recently passed by Congress and signed by President Barack Obama, it could be good for your finances.

The legislation more than triples the size of AmeriCorps — sort of the internal Peace Corps for the United States — and creates two other programs geared for the oldest and youngest of volunteers. The programs can help you pay off student loans or assist with college tuition for yourself or, in certain cases, for your child or grandchild.

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