Financial Aid Question --Work Study

<p>If a parent is providing more than half of their younger than 24 yo student’s support, then the parent should claim the student as a dependent, though the student still files their own tax return on their own wages to either pay their taxes or get their refund. They just don’t get their own deduction, the parents get that. (I prepared taxes for H&R Block for two years, and don’t think this rule has changed in the past year or so).</p>

<p>3bm103 is right, there are certain points where scholarships ARE taxable, so see your tax preparer about that. I think the biggest (but not only) thing is when the scholarship pays for room and board, then it is taxable. There are differences between scholarships and grants, too.</p>

<p>Work study can be a good thing. 10 hours a week or so will not drastically cut into a students study time. Social activity might, but working doesn’t have to. And, it is a good learning experience in and of itself. </p>

<p>When I was in school a good friend of mine had her work study at the library. She choose the late night weekend hours to work, when no one else wanted to. It was so quiet in the library at that time that she sat at the check out desk and got her own studying done while she was being paid.</p>

<p>B.</p>

<p>

</p>

<p>Actually, that is no longer true at Brown. Four years ago (I think) when they no longer required loans at a certain income level, they did away with this extra scholarship money. They have included a work study component in First Year students’ financial aid packages since then.</p>