All you need to know about Federal Work-Study Programs
The Federal Work Study Program is also known as the College-Work Study Program. The goal is for college students to work part time to help them pay for their education expenses. In March 2013, it has been reported by Reuters that Federal Work-Study programs may encounter reduced funds for the next school year unless the U.S. Congress manages to reach an agreement soon on the federal budget. Examples have been reported that the University of California, Davis may have to eliminate 38 Federal-Work Study jobs the next academic year. Colleges and universities throughout the United States are also expecting fewer funds for the FSEOG.
There are roughly 3,400 academic institutions participating in the Federal Work Study Program at this time. These institutions are able to determine how to allot their share of Work Study hours to participating students. Wages will never be below the federal minimum wage for those participating in the Work-Study program.
There is a formula to determine whether a student is eligible to participate in the Federal Work Study Program. For example, the data on the student’s completed Free Application for Federal Student Aid (FAFSA) form and the expected family contribution (EFC) are factors in determining one’s participation in the work-study program.
Federal grants for college are the logical place to start looking for free money for college. The procedures are simple. The most important thing is to plan ahead. When it comes to federal grant money to help you pay for college, the budget is limited. When the money runs out, the government waits until the following year to start the process again. So students who waited till the last minute to apply may find themselves without a college grant, even if they are qualified for one.
With that in mind, during month of January of the senior year of high school is the time to submit application forms for the Free Application for Federal Student Aid (FAFSA). This is the start of the process for applying for a federal college grant.
The procedure can be done online You will also want to register for a personal identification number (PIN) through the Federal Student Aid site.
The Pell Grant is the most important college grant when it comes to need-based federal college grants. We recommend all students to apply for the Pell Grant, in addition to seeking out information for scholarships, prior to taking out a student loan. In addition to applying for federal and state programs starting in early January, to help pay for college, we also recommend looking into scholarship opportunities. Eligible college students will find that federal programs such as the Pell Grant and work-study program are a big help to pay for college. Remember to also keep up-to-date with college grants in 2014.