Understanding student loans and work/study | Biz Brain
Q. What’s the difference between subsidized, unsubsidized and work/study money? My son was offered all three this year, but last year he wasn’t offered any. Why is that?
— Mom
A. Let’s first go over the different kinds of aid.
Work/Study is part-time work for students.
“There is a limit to how much you can work,” said Jerry Lynch, a certified financial planner with JFL Total Wealth Management in Boonton. “The total amount you get is based upon three things: when you apply, your level of financial need and how much is approved for your school.”
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