March 6, 2012 Leave a comment
Why go for it? You don’t have to pay anything back later– though you do work for it now.
What is it? Federal work-study programs benefit both you and your employer. This win-win situation means that the government pays part of your wages. This may improve your odds of getting a part-time job. As for taxes, you will have to record your work and earnings for the government, but not so with your financial aid office; the following year, they will not take those earnings into consideration, which means it won’t count against you for future aid.
How do you qualify? According to the University of Minnesota One Stop Web page, you have to qualify for need-based aid (determined by FAFSA) and be enrolled at least part time in school.
How do you apply? Fill out the FAFSA, making sure you indicate that you are interested in federal work-study programs.