If you are not starting in the first week of classes, plan to work over breaks. The Federal Work-Study program is a type of financial aid that provides on and off campus jobs for college students with financial need. Take, for example, the state of Massachusetts, where only a quarter of the state’s allocation of federal work-study dollars was expended in the public sector. Too many work-study jobs involve re-shelving books or staffing desks at the recreation center. The calculator was built as an aid for student employees who hold only ONE position. In 2015–16, when 40 percent of undergraduate students received Pell grants, 5 … For most people, this is the formula that will be applied. Connecting Work-Study Jobs to Student’s Career Goals: Federal work-study could also be a much more effective tool for helping students gain career relevant work experience while they are in college. Keep in mind that all numbers below are based on a $3,000 award amount and 30 weeks (as opposed to 15 weeks for a single semester). Federal Work-Study Calculator. The EFC Formula, 2021–2022 ... • Federal Supplemental Educational Opportunity Grants (FSEOG), and • Federal Work-Study (FWS). The trouble is the allocation formula for federal work-study cripples these institutions’ ability to provide work-study to their students. That amount is then used to determine the amount and type of aid — such as federal work study, loans, or grants — that you are eligible to receive. Note: FTE = full-time equivalent. The number of hours you are able to work per week is calculated using the following formula: Award amount divided by 16 weeks divided by hourly pay. Work-Study is a Federal grant awarded as part of a Financial Aid Package. The regular formula for federal student aid. A Federal Work-Study (FWS) award on your Financial Aid Offer letter is an offer to get a part-time job through the Work-Study program. It is earned by working a job either on-campus or in Community Work-Study during the fall or spring semester (not during summer). Another Report Rethinks Federal Work-Study Formulas. It evaluates your assets and income and determines how much your family can contribute. Its purpose is the promotion of part-time employment for students with financial need in order to achieve three main goals: To assist students … Or, if your award amount is different, you should use the formula below the chart. Of all of the financial aid programs offered by the federal government, work-study is one of the most admirable and idealized, designed with the intent of providing funds as well as invaluable career experience for students. The Teacher Education Assistance for College and Higher Education Grant (TEACH Grant) is a non-need-based federal program for … In July, NASFAA’s Campus-Based Allocation Task Force released a report with recommended changes to the allocation formula for Federal Work-Study (FWS), among other campus-based aid programs. This funding formula can and should be fixed. Federal Work Study Federal Work-Study (FWS) was established by Congress as part of the Economic Opportunity Act of 1964. 6 RETHINKING FEDERAL W ORK-STUDY FIGURE 3 Distribution of Pell Grants and Federal Work-Study Funds by Sector, 2016–17 URBAN INSTITUTE Source: Sandy Baum, Jennifer Ma, Matea Pender, and CJ Libassi, Trends in Student Aid 2018 (New York: College Board, 2018). By Katy Hopkins, Communications Staff . 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