But say you reached that amount with two weeks left in the semester. Some employers may allow you to continue working for the remainder of the semester and exceed your allocated amount, but it depends on the employer, Gentry says. You can opt to get paid by check or direct deposit, or have the money credited to your school account to cover tuition, fees or room and board. The money you earn through work-study is taxable, and you should report it on your FAFSA the following year in two places.
First, include your work-study earnings when you report your total income earned from work that year. Second, a later question asks how much you earned through work-study the previous year. Fill that out, too, because the money you earn through work-study won't count in the calculation that determines how much aid you're eligible for the following year. The application for the school year is available Oct.
Federal work-study FAQ. How to apply for federal work-study. Do I have to accept work-study aid? Where to find an eligible work-study job. Average work-study award.
It depends on your total award. In other words, you can earn up to a predetermined amount. The future excites me so much.
There's so many things that are unknown in the future, so it's a whole big broad spectrum of, 'You can do whatever you want. Get tips now. Learn where to find and apply for college grants, a need-based form of financial aid for college that doesn't have to be paid back. Which colleges participate in the Federal Work-Study? Federal Work-Study jobs can be on or off campus: On-campus work-study If you work on campus, you'll usually work for your school.
Off-campus work-study If you work off campus, your employer will usually be a private non-profit organization or a public agency. How do you qualify for work-study? Free money tip Want to pay less for college? Choosing your work-study job Some schools match students to work-study jobs, but other schools require students to apply and interview for them.
Work-study vs a part-time job Here are a few benefits of work-study compared to another part-time job. Related topics. Understand college grants Learn where to find and apply for college grants, a need-based form of financial aid for college that doesn't have to be paid back.
Your work-study job can enrich your college experience especially if your work-study job is related to your major. In addition to paying for college, work-study can introduce you to new people and experiences beyond your own circle. Visit the U. Department of Education for more information about getting a work-study job in college.
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