The Federal Work Study Program (FWS) provides funds for part-time employment to help students finance the costs of a college education. Students can receive FWS funds at participating colleges and universities. Hourly wages must meet the federal minimum wage requirements. Students may be employed by the college or university.
Shortly, the baby boomer generation will be retiring in record numbers. Every blue and white collar job category will be impacted. New trade school and college graduates will be needed to fill the void in order for the United States to remain competitive in the global market. The existing cadre of professional accountants, lawyers, physicians, dentists, actuaries, engineers and others will be replaced in growing numbers due to the retirement of the baby boomers. As a result of this trend, more affordable college education is an absolute imperative if this historic worker transition is to take place uneventfully.