<p>Hi,
I got my Rice financial aid package and it states that I get $1800 per year in Work study. Now, I know that workstudy is money that should be paid back by taking a job, but:</p>
<li>Is the job necessarily a ON-campus one?</li>
<li>Do we get it credited? Or is that money to be earned in cash and paid back?</li>
</ol>
<p>Thanks,
Antarius</p>
<p>The WS amount is a limit on how much you will be allowed to earn per year. That works out to about $200 per month over nine months, or $50 per week, or roughly 8 hours a week. </p>
<p>You get a pay check that you can deposit or cash and spend however you like, just like any other job. Nothing is paid back or credited.</p>
<p>It will be an on-campus job arranged by the university. There will be a listing somewhere of jobs you can apply for when you arrive.</p>
<p>then why is it part of my financial aid package? And why do they set a limit to how much you can work?</p>
<p>Bcuz, the wages are subsidized by the federal government. About 50-50 split between the government and the university. When you earn a dollar, 50 cents comes from Uncle Sam and 50 cents comes from the Univ. So there is a limit on how much you can earn, and it is calculated based on need and included in your financial aid.</p>
<p>The limit set is just another piece of the financial aid puzzle. You can choose to work less and of course, earn less. You can ask to have it possibly increased. The reason it's part of the package is that some of your pay is funded by the federal gov't on the school's behalf. Many on campus jobs are only open to work study students, or least they get first dibs.</p>
<p>cool thanks...
so, its basically a cap on my earnings throughout the year...</p>
<p>no it doesn't necessarily have to be an oncampus job
freshman year my daughters workstudy job was as a high school tutor</p>
<p>you are paid for your work- weekly or biweekly just as anyother job- taxes are taken out etc. the advantage is- since it is part of FA- it isn't added to available income when EFC is calculated.</p>
<p>You certainly do not have to accept workstudy money- if you would like to take a job that is not workstudy- however students often find that on campus jobs give them more flexiblity than other off campus jobs- re around finals- and a nonworkstudy job will be counted towards EFC</p>
<p>ahh cool....... Thanks a lot again</p>
<p>just one other thing, lets say my WS is $1700. So I can work and make a maximum of 1700 dollars thru FWS. Later, if UI want to work to earn more cash, I can right? just that its not federal and It will go on my tax returns</p>