Work-study jobs, federally funded positions to help students earn money working on campus, make up an important part of many students’ financial aid packages. This is how many earn spending money.
Expect fewer of them next year. Because colleges have run out of economic stimulus money, about 160,000 fewer work-study funded jobs will be available on campuses next year.
According to an article by Kim Clark in U.S. News & World Report:
The number of federally funded work-study college jobs nationwide will drop by 162,000 to 768,000 for the 2010-2011 academic year.
A spokesman for the Department of Education said the number of subsidized campus jobs has simply dropped back to its historical norm after climbing because of a temporary influx of stimulus funding. “But significant challenges remain and all of us… are having to do more work with less funding,” said department spokesman Justin Hamilton.
Work-study jobs are particularly attractive to students because earnings from such jobs aren’t counted when colleges determine financial aid. If students earn money from outside jobs that income ends up reducing the aid they receive from their colleges. [Image via]