Advice on using "Segal Education Award" (for AmeriCrops service)


I have a small “Segal Education Award” from my time in the AmeriCorps. I am curious if folks here know the best way to use this amount towards my federally backed loans.
Should I use it for the principle, the interest, etc.?

Just looking for some general advise on possible best steps forward.

Thanks in advance,

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