06.19.07 | New Federal Minimum Wage And The Federal Work-Study Program
On May 25, President Bush signed into law an amended section of the Fair Labor Standards increasing the Federal minimum wage in three steps. The current $5.15 minimum wage will be increased to $5.85 effective July 24, 2007, to $6.55 an hour effective July 24, 2008, and to $7.25 an hour effective July 24, 2009. The HEA specifically states that an institution may not pay any wage to students employed under the FWS Program that is less than the current Federal minimum wage. Therefore, effective July 24, an institution must pay FWS Program students at least $5.85 an hour.
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