What is Federal Work Study?
Work Study is a need-based financial assistance program that allows students to work on campus during the academic year. Students receive a monthly paycheck for hours worked which they may sign over to CLU – that amount will be credited towards their student balance. Important Note: Interest will begin to accrue on any portion of your student account balance that remains unpaid at the beginning of the semester. This includes unearned work study. Students should strongly consider paying the work study amount in advance in order to avoid interest accruing; then as the semester progresses their monthly work study paycheck can, in effect, “pay them back”.
The Federal Work-Study program was created to promote the part-time employment of undergraduate, graduate, and professional students eligible for financial aid. Students who are eligible to receive federal financial aid may receive a Federal Work-Study allocation as part of their financial aid package. The Federal Work-Study program will subsidize 75% of a student’s earnings for participating employers. Students who have received a Federal Work-Study allocation may choose to work on campus, with America Reads or America Counts, or with a participating non-profit agency. Participating non-profit agencies pay the student in full and send in a Reimbursement Form to receive the pay subsidy. Employers who hire federal work-study students are responsible for 25% of the student’s earnings until the student earns all of his or her allocation. Once the student has earned all of his or her allocation, the employer must fund 100% of the student’s earnings if he or she continues to work. It is the
Federal Work-Study is a need-based award that enables eligible students to acquire work-study jobs, the wages for which are largely funded by the federal government. The FAFSA must be filed by the March 1 priority date each year a student is interested in Federal Work-Study. Additional information regarding the eligibility requirements of this award can be found at Work-Study.
Federal Work-Study is a government-sponsored financial aid program. To be considered for the work-study program, you must have applied by the deadline for financial aid through the Office of Scholarships and Financial Aid. (The only difference between regular and work-study employment is that the federal government pays part of work-study wages.
