Did you know under the federal work-study program you can work part-time to earn money for your education? So what are the primary benefits of the program? See below.
- Provides part-time employment while you are enrolled in school
- Helps pay your educational expenses
- Is available to undergraduate and graduate students
- Is available to full-time or part-time students
- Is administered by schools participating in the FWS Program
- Encourages community service work and work related to your course of study, whenever possible
So how do I know if I qualify?
Your school will inform you. It’s is all linked to your FAFSA and will be on your Awards letter. That said it’s important to get your FAFSA completed ASAP. The federal government provides only a certain amount of work-study funds to each qualified school and when those funds have been exhausted no additional work-study awards may be issued for the year.
I was speaking with a few friends earlier this week who had asked me some general questions about the economy.After answering one question in particular about taxes I thought it might make for a nice blog topic.After all, it is my aim to educate and inform.
First off, the economy is a complicated mechanism as we all know.When we’re struggling thru tough economic time’s politicians can not simply institute tax cuts to remedy the problem. True, tax cuts may be part of the solution but not the sole answer.So why will tax cuts alone not work?I mean, that would help jumpstart the economy, right?More money being spent by consumers on goods and services is a good thing.But the reality is those tax cuts have a counterproductive aspect to them as well.
Conventional wisdom tells us if you have less money to spend than your consumption will decrease.If taxes get cut than the government has less money to spend which means something must get sacrificed.But if you delve a little deeper into the root of what happens when tax cuts are made you will have a better grasp of the mechanics behind this negative relationship.
For example, say McCain or Obama cut taxes. That will mean consumers will have more disposable income in their pockets, which is great.And because of that extra money the consumer can then purchase more goods and services with those extra dollars.That will then lead to a positive shift in the aggregate demand.With consumption on the rise that will then lead to higher interest rates which will then serve as a detriment to businesses that want to invest, since the cost to borrowing money would be increased by those higher interest rates.
So by doing a good thing, cutting taxes to stimulate growth, demand for investment falls.It is such a tangled web we weave.It’s like trying to juggle 10 things at once and hoping you don’t drop one.Unfortunately we’ve been dropping more than we’ve been catching lately.Let’s hope the next circus that comes to town can keep things a float.
I grew up like most kids, loving the October Halloween month.I had a license to be bad and wasn’t afraid to use it.Snickers, KitKat’s, Reese’s Peanut Butter cups, & Twix were the sweet objects of my affection.And yes, my waistline reflected my sinful indulgence, but I wasn’t trying to impress anyone.Today October holds a much different feel from those young carefree days; a feel more in line with those post chocolate celebratory belly aches, given all the economic woes plaguing our county.And while my waistline is now much thinner, so is my hairline.Stress surrounding the greenback plagues us all.
“I need money for school, please help,” is a common phrase I hear from students each day.And when you come to the realization your money tree has been chopped down by Paul Bunyan it’s a terrifying reality check.I’ve been there myself.I just wish I had the ‘08 version of me to advise the ‘94 version of me, but I digress.I want you to benefit from my infinite wisdom.Here are my “Fab Four” ways to get those funds you need!
Perhaps the only good thing surrounding an economic downturn is the cost of borrowing decreases, which means lower interest rates for you and me, which makes private loan options more attractive.It’s important to note that most students do require a co-signer for a private loan.Funds get sent directly to you and are great for everyday school expenses.You can also borrow up to $45,000 and repayment does not begin until after you graduate.
Bank of America offers a $25,000 line of credit for qualified applicants.Decision in 10 minutes and the funds get deposited directly into your checking or savings account.Best of all you don’t need excellent credit or collateral.Another great perk is you can re-borrow money you’ve already paid back if you get in a pinch.
To apply for the Bank of America Line of Credit (click here).
Great to have for emergency situations.Also, depending on the card you can score some pretty sweet rewards points such as cash back on gasoline or even World of Warcraft online game time.The Citi mtvU card, our Editors Choice, rewards students for using credit wisely and getting good grades.A lot of cards also offer exclusive savings on merchandise and restaurants as well.
I saved the best for last.We hold monthly scholarship giveaways for students.Students love it because you don’t need to write an essay or have a certain GPA to enter, but that doesn’t mean everyone has an equal chance of winning.By completing point activities you can accrue additional points which can then be used toward a monthly scholarship drawing.By the way, if you are already a scholarshippoints.com member use this bonus code FOURSTEPS for 20 magical points, and don’t forget to enter this month’s big 10K giveaway – cha-ching!
To become a scholarshippoints.com member (click here).
I hope at least one of these options satisfies you like a king size snickers, and I hope you get the funds you need for school.I want to turn those tricks into treats.Then we can all do the Monster Mash and won’t have to wonder whatever happened to the Transylvania twist!
I have a trivia question for you.How many entries can you submit into the mega $10,000 October scholarship give away this month?
Looking back at the $10K February scholarship extravaganza we restricted each member to just one entry.This time around the cuffs are off.There is NO LIMIT!You can enter with as many points as you can accrue between now and the end of the month.
Right now 675 ways exist to get your name in the running!If you go to the Earn Points page you will find 675 points worth of activities, but if you’ve been accruing scholarship points for some time you could have a total well exceeding 675 point should you complete the current activities.
My suggestion is to start plugging away with the various point awarding activities to increase your chances of winning!The more points you accrue the more opportunities you have to win the 10K!You have until October 31 to enter the big 10K..
One person will be rolling in the dough like a pig in mud.Will it be you?
If you have not yet registered to win (click here).
