How Does Work Study Fit Into My Financial Aid Package?
Each student has a unique financial aid file. That means some students must be willing to allow reduction of some loan funds to accommodate a Work Study award, if they have an aid package that completely fills their financial aid budget. You do not have to request a special loan reduction; your loans will be automatically adjusted when Work Study is awarded, if you selected the Work Study option on your FAFSA. Reducing loans to accept Work Study is great if you can afford to wait until you have earned the money through your paychecks, rather than getting it in a lump sum at the beginning of each quarter from a loan. Work Study is not used to repay loans; it is awarded INSTEAD of a loan. Some students are able to accept a Work Study award without giving up any loans since they have room within their financial aid need on top of all their other awards to accept Work Study employment.
