A school has leftover Federal Work-Study (FWS) funds from the 2020-21 award year. Can the school carry these funds forward to be used during the 2021-22 award year? Is there a dollar amount or percentage limit on that carry forward?
Yes, a school may carry forward up to 10% of its total (initial and supplemental) FWS current award year allocation to be spent in the next award year. Funds carried forward must be spent before spending current award year funds. The school must match FWS funds carried forward in the award year the funds are spent.
Reminder: the allowance to transfer up to 100 percent of a school’s unexpended FWS allocation into its FSEOG funds continues for the 2021-22 award year through the end of the payment period in which the COVID-19 qualifying emergency ends, which may be before the end of the award year. When the qualifying emergency ends, it will be updated in NASFAA’s Today’s News.
Publication Date: 7/19/2021
Part 675: Federal Work-Study Program
Part 673: Campus-Based Common Provisions
Part 674: Federal Perkins Loan Program
2024 NAOT: Overview of Financial Aid Programs Webinar Handout
Call to Action: Tell Congress to Protect Student Aid Funding
Report: The Biggest Barriers to Higher Ed Enrollment Are Cost and Lack of Financial Aid
What Is the Deadline For Reporting 2023 FWS Earnings To COD For the 2025-26 Award Year?
Can a Student Receive FSEOG While Concurrently Enrolled At Two Schools?
Campus-Based Programs: 2024-25
Legislative Tracker: Campus-Based Programs
Biden’s 2025 Budget Proposal Would Boost Pell, Eliminate Student Loan Origination Fees
Can We Require That Students To Complete a Request Form Before Awarding Federal Work-Study?
Are We Required To Verify That a Student Initiated Attendance In All Classes? (Award Year: 2024-25)
Can On-Campus Tutoring Of Elementary Students Meet the FWS Community Service Requirement?
Is the Nonfederal Share Of FWS Earnings Included When Reporting FWS To COD? (Award Year: 2024-25)
What Do We Report When We Had No FWS Earnings During the Calendar Year? (Award Year: 2024-25)
Can a School Switch Methods For Reporting FWS Earnings? (Award Year: 2024-25)
What Is the Deadline For Reporting 2022 FWS Earnings To COD For the 2024-25 Award Year?
Does Enrollment Intensity Apply To the Other Title IV Programs Beyond Pell? (Award Year: 2024-25)
Are We Required To Use "Federal" In the Names Of the Title IV Aid Programs?
Can Schools Use a Negative Student Aid Index When Awarding FSEOG? (Award Year: 2024-25)
Legislative Tracker Archive: Campus-Based Programs
Can an Outside Organization Reimburse Our School For Federal Work-Study Wages?
Can FWS Funds Be Used To Pay a Student's Travel Expenses Like Gas and Mileage?
Are Schools Required To Report Federal Work-Study Earnings To COD?
Examining Federal Work-Study Task Force Charter
NASFAA Report Highlights Student, Institutional Experiences With COVID-19 Pandemic Funds
Do We Package Gross Or Net Federal Work-Study Amounts?
As Inflation Rises, Institutions Create More Resources to Help Students and Employees
Are Incarcerated Students Eligible For FWS Or FSEOG?
Free Tuition Programs for Indigenous Students Pick Up Steam Across the Country
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