{"id":280,"date":"2014-04-14T23:38:41","date_gmt":"2014-04-15T06:38:41","guid":{"rendered":"http:\/\/advocate.studentorg.berkeley.edu\/?p=280"},"modified":"2014-04-14T23:38:41","modified_gmt":"2014-04-15T06:38:41","slug":"work-study-loan-conversions","status":"publish","type":"post","link":"https:\/\/advocate.wp.ocfhosted.com\/?p=280","title":{"rendered":"Work Study &#038; Loan Conversions"},"content":{"rendered":"<h3>Work Study and Loan Conversions<\/h3>\n<p><span style=\"font-weight: 400;\">Work study amounts may be able to be converted to loans if you decide that you do not want to take a work-study job. However, it is more difficult to convert loans to work study as the money is allocated according to the initial requests for work study. If you are even marginally interested in work-study, be sure to check \u201cyes\u201d for the FAFSA question that pertains to your interest in work-study. <\/span><a href=\"http:\/\/financialaid.berkeley.edu\/work-study-information-students\"><b>For more information on work study\/loan conversions, click here.\u00a0<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Read frequently asked questions here: <\/span><a href=\"http:\/\/financialaid.berkeley.edu\/work-study-frequently-asked-questions\"><b>Work Study Frequently Asked Questions<\/b><\/a><\/p>\n<p><b>Work Study versus Loans:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">As part of your financial aid package, work study jobs provide an amazing opportunity to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Earn part of your college costs rather than increase your loans.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Decline and reduce the loan amounts offered to you.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remember that the less debt you graduate with, the more choices you\u2019ll have in life!<\/span><\/li>\n<\/ul>\n<p><b>Work Study versus Not Work Study:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019re a highly sought-after employee, because work-study saves employers money! If a department pays you $16\/hour, it costs the employer $8\/hour. That subsidy is what makes work-study a financial aid program.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Work-study earnings <\/span><span style=\"font-weight: 400;\">don\u2019t<\/span><span style=\"font-weight: 400;\"> count against your aid eligibility when you fill out next year\u2019s <\/span><a href=\"https:\/\/fafsa.ed.gov\/\"><b>Free Application for Federal Student Aid (FAFSA)<\/b><\/a><b>.<\/b><span style=\"font-weight: 400;\"> Non-work-study earnings are considered \u201cadditional income\u201d on the FAFSA and may affect your financial aid package.<\/span><\/p>\n<p><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Work Study and Loan Conversions Work study amounts may be able to be converted to loans if you decide that you do not want to take a work-study job. However, it is more difficult to convert loans to work study as the money is allocated according to the initial requests for work study. If you [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-280","post","type-post","status-publish","format-standard","hentry","category-financial-aid"],"_links":{"self":[{"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=\/wp\/v2\/posts\/280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=280"}],"version-history":[{"count":0,"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=\/wp\/v2\/posts\/280\/revisions"}],"wp:attachment":[{"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advocate.wp.ocfhosted.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}