Understanding Federal Work Study (financial aid). This video discuss federal work-study, which is a type of financial aid for colleges in the United States. Students who accept federal work-study financial aid are assigned a part-time job, either on-campus (at the student's university) or off-campus (at a nonprofit or public agency). The student's income is limited by the amount of the award, which is determined by the student's financial need. Federal work-study offers a number of benefits, such as flexible scheduling, the chance, to meet people, and an opportunity to gain work experience. Also, federal work-study aid is not included as student income for purposes of determining a student's financial aid for the following year. Not all schools participate in the federal work-study program and funds are available on a first-come, first-serve basis, so it is best to complete the FAFSA as soon as possible and check with the college to see if it participates in the federal work-study program.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
To follow Michael on Twitter, visit
This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Tags: Understanding Federal Work Study (financial aid), Federal Work Study, work study, financial aid, FAFSA, pay for college, college, university, scholarship, grant, student loan