If you’re in school and looking for ways to cut down on expenses, you should check into work-study programs. These are opportunities that could have big financial implications, so it’s important to find out if you qualify. Keep reading below to learn more.
An overview of work-study programs
It all starts with filling out the Free Application for Federal Student Aid (FAFSA). If you qualify, you’ll most likely be responsible for finding your own work-study job. The good news is that there’s about 3,400 colleges with a Federal Work-Study program. It’s a good idea to see if the school you’re currently enrolled in offers work-study programs first.
FAFSA
There will be a space on the FAFSA to indicate that you want to be part of the Federal Work-Study program. Once you’ve completed the FAFSA, it usually takes a few weeks to find out what you qualify for, if anything.
Keep in mind that completing this section does not guarantee acceptance into any work-study program. Additionally, you are not obligated to enter the program should you be accepted. There will be listed requirements for the job that make you eligible for any financial aid through the program.
Job Profile
A lot of work-study jobs are available on-campus and can include administrative work or research assistance. Sometimes the jobs are community oriented, which could be through tutoring younger students, or child and health care.
You’ll most likely want to choose a work-study job that is aligned with your degree program or area of study. Another benefit is that these jobs are flexible in schedule, so you should be able to balance enough time for both.
More Info
The amount of money you receive through your work-study program depends on the industry you’re in, but you’ll be making at least the federal minimum wage of $7.25 per hour. If the state’s minimum wage is higher, you’ll make at least that minimum rate.
Students have the option of being paid by check or direct deposit, and it’s possible to have the money credited to your school’s tuition as well.
Now that you’ve learned about the Federal Work Study program, give it a shot by filling out the FAFSA. This is the first and most important step. It’s a perfect opportunity to not only slash costs of your college expenses, but to also advance in a job profession or area of study in which you’re interested. Get started now.
