Notice: class-feed.php is deprecated since version 4.7.0! Use fetch_feed() instead. in /var/www/html/somdev/wp-includes/functions.php on line 3958 Federal Work Study « Financial Aid

Federal Work Study

The Federal Work-Study Program is an employment program designed for students who have demonstrated financial need via the Free Application for Federal Student Aid (FAFSA).

Work-study awards are compensation for work and are paid bi-weekly through the University’s payroll system. Completion of time sheets and appropriate tax forms are required. Your employer will set your hourly pay rate, which is at least the federal minimum wage. Your earned amount cannot exceed your award amount.

Summer savings expectation

Federal financial aid regulations stipulate that a portion of your full-time work-study earning during a period of non-enrollment in classes—in the SOM, during the summer—must be used to meet educational expenses during the following academic year. The amount, known as the “savings expectation,” is determined by subtracting taxes and job related costs from your gross earnings.*

The amount of the savings expectation must be included as a resource in your financial aid package for the next academic year. To determine your financial aid need for the next academic year, the Free Application for Federal Student Aid (FAFSA) for that year must be on file.

*Please access the form titled “Summer Work-Study Adjustment Request,” which is located on the Forms page of this website, for taxes and job related costs information and for an example of how the savings expectation is included in your budget.

BACK TO TOP