Work study

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Discus: Financial Aid and Scholarships: May 2004 - Archive: Work study
By Grace226 (Grace226) on Wednesday, July 14, 2004 - 04:10 pm: Edit

Money earned from work study is not counted in the following year's financial aid, how does this work? Does this mean we can save our money earned and it won't raise our efc?

By Grace226 (Grace226) on Wednesday, July 14, 2004 - 04:12 pm: Edit

Also, what is the best way to invest money so that it does not lower for aid? buying savings bonds and putting them in another family's member name?

By Emeraldkity4 (Emeraldkity4) on Wednesday, July 14, 2004 - 05:45 pm: Edit

yes work study money is subtracted from income for FAFSA. However if you don't need it to pay expenses, it sounds like your EFC is too low.

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