Financial aid awards for either the federal or college work-study programs represent an obligation on the part of the College to make available sufficient hours of employment to meet the value of the award. Students are responsible for finding employment and most positions are interview-based. Positions are not guaranteed.
Work-study payments come in the form of wages and are subject to both state and federal income taxes. Paychecks are deposited directly into a student’s bank account. Earnings from such employment can be applied only to a student’s tuition account as the wages are actually earned. Consequently, these awards are not considered a direct award of financial aid to a student. If a student wishes to use these earnings for payment of tuition and fees on a month-to-month basis, the use of a payment plan is required.
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