<p>I got a good job on campus that accepts work study, but they don't require you to be work study. I've been working a few weeks, and I never sent in my work study form to finaid.</p>
<p>This is going to sound really lazy, but is there any benifit for <em>me</em> in being a work study student? I'm still getting paid, so I don't really care about turning in my work study forms.</p>
<p>Is there any real reason for me to get my forms filled out and signed? (The main reason I ask is because I know I'm going to keep forgetting until the deadline unless I have a really good reaon to fill them out and hand them in! :D) Or is it no big deal to decline work-study and just keep working my job as I do now?</p>
<p>ask the financial aid office. If I am correct, income from work study will not count against you when calculating the EFC for next year -- income from a regular job will. I think there are also tax advantages.</p>
<p>Yes the previous poster is correct. Workstudy will not count against you on your FAFSA. I think you show it as income then include it on schedule C so they exclude it. But I think it is generally taxable like reglar income. Nevertheless Definitely worth getting the forms filled out to keep your EFC down.</p>
<p>Also, my understanding is that if you don't take advantage of work study this year (or the full amount of work study offered), they may eliminate or decrease the work study portion of your financial aid package next year.</p>