Tag Archives: Work-Study Programs

Work-Study is Valuable!

Don’t miss out on this financial opportunity!

Work-study means money in a college student’s pocket for doing campus jobs (or even off-campus jobs) that are not too demanding and possibly interesting! Students must visit their school’s financial aid department to view a list of available jobs. Then, just like with any other job, the student must apply and be interviewed. Once hired, the student will spend 10-12 hours a week earning money that has been set aside for him or her by the federal government. The college will administer the program for the government and will usually send
the student’s paycheck directly to his or her bank account.
Most students report that the work-study experience is pleasant, but if not, the student can change to another job. Some jobs allow students to study while manning an information kiosk or reception desk.
So, students should not let this valuable opportunity pass them by. I mean, where else can you get a job which must adjust itself to your schedule rather than the other way around!
Please watch my video to hear more about work-study!

FAFSA News Sparks Snark

In a google search for FAFSA news, one of the recently published search items is a story from a New Jersey newspaper’s website titled “FAFSA confusion: College students lose financial aid due to decimal point error on application”.

Apparently, at least 165,000 college students stumbled over a quirk in the on-line FAFSA application which caused them to declare that their family’s income was WAY bigger than it actually was.

The little “.00” outside the blanks where a student fills in the family’s income is a hint that you need to round off the income total to the nearest dollar, rather than enter the small change in the blank space allowed. For example, a student declaring a family income of $22,852.19 would actually be telling the government that the family raked in $2,285,219 that year! OOPS!

That student would find herself excluded from most, if not all, federal financial aid. This would include federal grants like the Pell Grant, federal student loans with favorable rates and terms, and federal work-study funds set aside for students with lower family incomes.

According to this article, Federal officials say they will correct the aid awards if/when the errors are found. So nice, so civilized.

It’s when the reader scrolls down to the comments that the fun begins.

The vitriol rolls out thusly:

“If they can’t follow simple instructions, maybe they aren’t college material.”

“Apparently millions of college students can read…and apparently 165,000 others cannot.”

“I would think due to the importance of this form, one would check it over before actually filing it.”

“Hope the applicants were not math, science or engineering majors!”

And it goes downhill, rapidly, from there.

I love the comment sections of news stories. Without them there would be a whole lot more pent-up anger in America than there already is!

To read this for yourself (or even to add your own snark ration) click this link:

http://www.nj.com/education/2014/07/fafsa_confusion_college_students_lose_financial_aid_due_to_decimal_point_error_on_application.html

To get ready for the FAFSA rush starting January 1st of each year, watch my video on the subject:

 

Work-Study…Did you say work AND study?

Work-Study Progams Pay off!

Hey! What a great idea: Get college students to work a little bit for their financial aid! They call it “skin in the game”, probably some old gambling terminology! Well, as with everything presented by our federal government, there are a lot of rules for the Federal Work-Study Program. The College Money Mom probes gently with her latest youtube video…so as not to bore you too much…the rest is up to you!

 

FAFSA – Not That Scary!

Don’t run! It’s just the FAFSA!

Just sit down and watch this video. You might just feel a whole lot more confident and ready to tackle this infamous government financial aid form. After all it’s the most effective way to get money for college! It’s hard to believe, but the FAFSA is the gateway form to just about all the college financial aid there is.  The Federal Government takes the information you enter in the FAFSA form and computes your Expected Family Contribution or EFC. Almost all colleges take their cue from the EFC when it comes to handing out  grants, scholarships, work-study funds and federal student loans. Compared to the much more invasive CSS Profile form used by about 250 elite private schools, the FAFSA is a comparative snap. But stay vigilant and do your homework. This is your chance to get your fair share of the Federal student aid pie.