Tuesday, November 02, 2010

Work Study and the FAFSA

The FAFSA not only allows you to apply for subsidized and unsubsidized loans, it also allows you to apply for the Federal Work Study Program. Under this program, students who demonstrate financial need can be awarded a federal work study program allotment. A student is permitted to work in a field relative to their studies and earn up to the amount of the award. The award amount and conditions are all determined by information provided by the student on the FAFSA.

Most federal work study awarded by the FAFSA allows a student to be networked into the work study system and apply for a job related to their field of study. When this is not possible, a student may be able to work in a related field, or in a position that serves the public good. By doing so, a student is able to earn money to pay for educational expenses, and gains valuable experience at the same time.

Students wishing to apply for the federal work study program must fill out the FAFSA as early in the year as possible. This is because the federal government only awards each school so much money each year for work study programs. When that money has all been allotted, there is no more available until the following year, and the application process stops. Even if this is the case when you are filling out a FAFSA, you may still be able to get the money you need to attend that year if you are awarded scholarships, grants, or loans.

Be certain when you fill out the FAFSA to ensure the program you are enrolling in is at least half-time, and that you have all documents required by the FAFSA to prove income and eligibility conditions.

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