Financial Aid FAQs
The following are frequently asked questions (FAQs) about financial aid.
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Q: What is work-study? Why is it in my financial aid package?
A: Work-study is a way for students to earn money to pay for school expenses through part-time on- (and sometimes off-) campus jobs. This program gives students the opportunity to gain work experience while pursuing a college degree. Note that not every college participates in the Federal Work-Study Program.
Q: I typically rely on money from working. Is there a way to possibly continue to do this while in college? Who do I reach out to better understand my work-study options?
A: Each college/university handles their work-study programs in different ways, and each has the option of continuing student payments to assist with student costs of attending college. If you are no longer able to participate in your work-study job, here are a few folks you may want to reach out to on your campus to ask questions specific to your work study options:
Financial Aid Office
We suggest calling, leaving a voicemail if you don’t reach someone, and following up with an email. Here is an email draft you can use as a template and send your question to someone on your campus. Even if you don’t know the right person to contact, you may use this message to find out who it is.
Q: I took out unsubsidized loans for school and now it will likely take me an extra semester to graduate. Now that I have to take an extra semester, I’m thinking about taking on another job to avoid taking out more loans, especially since my existing loans are accruing increased interest with my school closed. What other ideas should I consider?
A: The very best break down of the impact of COVID-19 on student loan borrowers can be found here. We highly recommend you take a look at this information!
In brief, it may be helpful to know that student loan interest will be frozen on all federal student loans through January 31, 2022. You (and other borrowers of federal loans) do not need to make payments between now and then, but after this date, you will need to prepare for loan payments to begin again. Please talk to your financial aid office to make sure you fully understand your financial aid package, as loans may be privately held (and wouldn’t be covered by this freeze). Learn more about preparing for payments to resume.
You may also want to call your loan service provider now if you are unable to pay a loan with a past or forthcoming deadline.
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