Paying for college can be challenging. Luckily, there are numerous options for financial aid, allowing students to secure opportunities to cover the cost. One such option is the work-study program.
WHAT KIND OF WORK-STUDY JOBS ARE THERE?
Predominately, work-study jobs take two forms. One of the main ones is assisting the college your student is attending.
HOW MUCH DO WORK-STUDY JOBS PAY?
Work-study pay rates can vary. However, all students who secure a work-study job are guaranteed at least minimum wage, based on their area.
ARE WORK-STUDY EARNINGS TAXABLE?
Yes, work-study earnings are subject to tax. It is considered a source of income, so it has to be reported to the IRS and the state (if your student’s state has a separate income tax) each year.
(...And Avoid Student Loan Debt)