The Pros and Cons of Working While in College
"Working a part-time job while in college can help students pay for personal expenses, supplement financial aid and gain valuable work experience. However, there are drawbacks students should be prepared for, including time restraints and impact on tuition assistance," U.S. News & World Report writes.
... "Through the federal work-study program, some students receive financial aid for working during college. This program is offered to students who display need based on the Free Application for Federal Student Aid, or FAFSA."
"'Unlike other forms of federal financial assistance, these funds are earned and don’t go against direct charges from the institution. These funds are paid directly to the student commensurate with hours worked,' Dana Kelly, vice president of professional development and institutional compliance for the National Association of Student Financial Aid Administrators, wrote in an email."
"The choice to work while attending college full time is an individual one, and students must be organized and find a balance between the two commitments, experts say."
"The benefits of working include 'income for personal expenses and entertainment, convenience, resume enhancement and networking opportunities,' Kelly says. 'However, it is important to balance academic studies with time spent working.'"
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 8/10/2023
