The report describes a Marist College (New York) program which places students to work with a variety of local nonprofit community agencies. In return for their work in the community, program participants who demonstrate financial need receive up to $500 per semester in tuition credit (applied toward reduction of the students' education loan balances). Students spend up to 10 hours per week at placement sites. Each placement reflects a student's particular interest. The program has provided 57 students with placements in 18 different community organizations. Average amount of tuition credit received per year per student is $742. About two-thirds of participants elect to stay with the program the following term. Students and agency representatives have evaluated the program very positively. Attachments include: a listing of community placement sites; program data and projections; length of service statistics; and suggestions to the Fund for the Improvement of Postsecondary Education concerning conferences and similar community service programs. (DB)