Using FWS Funds

Using FWS Funds

Using Your FWS Funds

Supervisors will send a list of their student employees to our office. We will confirm your eligibility and put your funding onto your account (as long as funding is available). Your supervisor will then guide you through the hiring process and notify you when you are able to begin working. 

How much funding do I have?

The standard award amount is $2,000, but the amount you are awarded is dependent upon your financial need. We will award you as much as we can up to the maximum allowed.

How much will I be paid?

Your pay rate will be determined based on your job duties, skills, and experience. Your supervisor will communicate your pay rate to you.

How do I get paid?

You will record your hours on your time sheet. You will get paid bi-weekly through payroll and the funds will be deposited to your bank account. The funding does not get applied to your bill, though you can use your earnings to make a payment if you owe a balance.

Are my earnings taxable?

Yes, the earnings will be subject to federal and local taxes. As you keep track of your earnings, please look at your gross pay. Your gross pay cannot exceed the amount awarded to you. 

How many hours can I work?

You can work up to 25 hours a week while classes are in session.

Can I have multiple FWS positions at one time?

No, however, you can work one FWS position and one Institutional Work Study (IWS) position at the same time, as long as you do not exceed the number of hours permitted while classes are in session. 

What happens if I switch FWS positions during the year?

Once the official termination paperwork has been submitted to HR, please ask the new FWS supervisor to contact Financial Aid directly.

What if I run out of funding before the end of the year/semester?

Please monitor the gross earnings reported on your pay stub. As you approach your awarded amount, please notify your supervisor promptly. If you have already exceeded your award, you must stop working. Some departments are able to use institutional funds to maintain your employment. Generally, we do not have any additional funds to increase your award, though your supervisor can reach out to us and ask.

What is the best way to keep track of my hours?

You can view your total paid amounts in Self-Service Banner in the financial aid tab. The amount paid is at least two weeks behind. Be sure to monitor your earnings as you get close to exhausting your award.

What if I don't use all of my funding?

Unused funding does not get paid out to you at the end of the year and it cannot be applied toward the next academic year. If you decide to stop working for any reason, please notify us so we can allocate any unused funds to another student in need.