When you are about to finally watch one of your birds fly from your nest and off to college, you will need to immediately sit down with him or her and engage in a discussion about money and financial independence. To secure your and your child’s financial future, it’s important to go over all the options for savings, investment, and of course, earnings. As soon as your scholarly university student learns that making a buck can be as valuable as learning about chemistry, they may not only alleviate some of your financial burden, but they may also be in good financial condition themselves once they get that college diploma.
For most college students, the process of working and making money to then spend and save at will is an invaluable one. It helps youth learn the value of a dollar, all while in the comfort of the safer world of college, under a parent’s financial umbrella. With regard to this, work-study is just one of many options for a college student – and it is a very popular one indeed. When you are working on planning your child’s education, consider enrolling your university student in a work-study program.
Essentially, the Federal Work-Study Program enables public universities to employ students who need financial aid. Community service work, odd jobs around the university, and jobs related to a student’s field of study are all common ways a college employs a student in work-study programs.
A student must apply for a Work-Study award, which will ultimately entail how many hours they can work. This will be determined based on the student’s academic record and class schedule.
Work-study includes both employment on campus and off campus (sometimes as far as other continents). It is a wonderful way for students to concentrate on academics and also earn a steady paycheck. However, the availability and mechanics of a work-study program are based on the university offering it. Essentially, the university employs a student for a relatively easy task and minimal wage, but because of the service, also helps support the student’s ability to pay tuition. A student might find himself working in the school library or souvenir shop. Similarly, if a student has aspirations to study art in France, they can be employed overseas and gain credits and money for tuition simultaneously. Another way a student might obtain a job off campus is to work for a non-profit organization, but generally the school will employ him or her.
Work-study is a great way for students to understand the value of a dollar and help their parents pay for tuition too, all without being too overwhelmed with work. Thus, they are able to focus on academics without sacrificing an opportunity to get real-world experience in the workforce. It is a brilliant compromise for college students who want to do well in their classes but also want to earn some money. What they learn now, will translate to their lives once they’ve graduated and established a new career.