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Work Study
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fast facts

• Of the $90 billion in financial aid awards in 2006, less than 20% of it came in the form of Grants.

• Financial Aid consists of ‘free money’ (grant-based aid), government-backed loans and work study programs (where students work for credits).

• FAFSA and CSS are the two main formulas upon which the majority of universities base their financial aid awards.

To estimate your Financial Aid awards, try 401kid’s Expected Family Contribution (EFC) Calculator.


work study

The Federal College Work-Study Program was established by Congress to aid U.S. citizens and permanent residents who need to work in order to meet educational expenses. Eligibility for this program depends on financial need as determined by FAFSA results.  Federal regulations restrict employment in this program to 20 hours a week during the academic year. Students may work up to 35 hours per week during the summer and vacation periods.

Other highlights of Work Study programs include: