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Avoiding the Work-Study Blues

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Patricia Nicol

on 17 August 2014

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Transcript of Avoiding the Work-Study Blues

Avoiding the Federal Work-Study (FWS) Blues: Financial Aid Tips and Insights
Making Room for FWS
Institutional FWS Policy
Must request FWS on the FAFSA
Amount varies based on grade level
3rd party scholarships replace FWS
$0 earnings by October = FWS being canceled
No FWS if...
applied for financial aid late
part-time enrollment
student is an RA
FWS was declined in a previous year
Emory University
$2.3 million FWS budget in 2013-14
1,600 work-study students
all undergraduates
no summer work-study
200 community service positions
$1,400 average annual earnings
4 year private university in Atlanta, Georgia, founded in 1836, enrollment of 14,236
FWS is not part of the the award, but it was last year
FWS was awarded, but the student wants more
FWS was awarded, but later it is either decreased or canceled
Causes of the Work-Study Blues
"Why is my work-study different than last year?"
Financial Aid need is less
a sibling graduated college
parental income increase
living at home with parents
Increases in other financial aid
received a scholarship
became a Resident Advisor
FWS Influencing Factors
Need Analysis
- qualification for financial aid
Other Financial Aid Awards
Budgeted Cost
- called Cost of Attendance
Institutional Policies
Calculating Financial Aid
Change the EFC
If a special circumstance or change in financial situation has occurred, then the student may submit an appeal to the financial aid office.
Loss of a job
Unusual Expense
Receipt of one-time income
withdrawal from retirement
bonus
inheritance
Change the Aid
Check that all the scholarships are correct
Request a swap of Sub loan with FWS
reduced Subsidized Stafford loan can be converted into unsub loan
Make sure there is no estimated aid
Defer a scholarship
scholarships can later be used for summer semester or a study abroad

Change the Need
Check the SAR for incorrect data

Use IRS data retrieval on the FAFSA

Request a review or aid verification
Change the Budget
Update the budget to match tuition and housing charges
Many financial aid offices will have a form that designates permitted budget adjustments and required documentation
Reoccurring allowable expenses may include:
Rent/Mortgage
Child Care Costs
Computer Purchase
Car Repair / Car Insurance
School Mandated Health Insurance
Other expenses would be reviewed on a case-by-case basis
Any Questions?
Patricia Nicol
patricia.nicol@emory.edu
Emory University
Access the presentation online at:
http://prezi.com/mjmej3gho7c8/present/?auth_key=omh171r&follow=6z9aj8gdole3
Increasing the Cost of Attendance will increase the financial aid qualification dollar-for-dollar.
"Why was my work-study reduced after I was awarded?"
Reductions to the cost or budget
Part-time tuition is less that full-time
Housing costs differ if living with relative, or living in a single person dorm room
FAFSA application housing selection can be different than the billed charges
Private scholarship received
Selected for Federal Verification after aid is awarded
Aid counted towards need includes:
Federal grants (Pell & SEOG)
Institutional grants
State Grants
Institutional scholarships
Private scholarships
Subsidized Stafford Loan
Perkins Loan

Federal need-based aid cannot exceed the calculated need
Grants and scholarships apply towards need before work or need-based loans
PLUS and Unsubsidized Stafford loans are not need-based
Full transcript