The amount a student can earn under FWS is determined on the basis of need and the amount of funds available in the program. Federal College Work-Study students are paid on an hourly basis every two weeks. The salary begins at minimum wage and can be increased depending on the nature of the job and the job requirements. Eligibility for this program is determined by the Office of Financial Aid, while all job placement assistance is handled through the Academic Advising and Career Center. This program is a grant or gift awarded by the school to individuals who are in financial need.
Grants are limited to students who are enrolled at least half time in a degree-seeking program.
Perkins loans are available to students who have exceptional financial need. Repayment begins nine months after a student graduates, withdraws, or drops below half time. The Stafford Student Loan program provides loans through lenders such as banks, credit unions, or savings and loan associations. Interest rates vary, depending on Stafford Loan history and the date on which the loan is disbursed. Variable interest rates are set each June.