Over 2,600 students are employed at LMU and work on and off campus in a variety of jobs. In most cases, students must apply for financial aid by completing the Free Application for Federal Financial Aid (FAFSA) in order to receive an award to allow them to work on campus. This work award is considered a form of financial aid. The following information is a summary of the different work awards and their requirements.
All work study is a work-to-earn program. The amount of work study awarded to you is the maximum amount you are eligible to earn in wages through your work study position. Work study amounts are awarded each year after students complete the FAFSA. Work study awards, unlike other types of financial aid, are not automatically applied to your student account. For this reason, it will not reduce you balance from the Student Accounts Office. However, any wages you earn, can certainly be used to pay for tuition, books, supplies and other items. You can request your paycheck from your work study position be applied directly to your student account by contacting Payroll Services. Be aware that different universities may offer different amounts and types of work study. Students will not be penalized if they do not earn the full amount of their work study award. It is simply the means to work on campus to assist students with expenses.
Students are responsible for ensuring that they do not earn over their work-study allocation. A collaborative effort should be made by both the student and the employer to track earnings. Students and employers can monitor their remaining work eligibility on their MyTime account. Click on the “banks” tab below to review how much you have been offered and how much remains for use. Students may not work beyond their work study allocation. When a student finds they are getting close to earning their total work study allocation, they should contact their supervisor to ensure they are aware. However, once the full work study allocation is earned, the student must stop working unless arrangements can be made directly through the supervisor.
FWS is a need based federal funded work award which allows recipients to work on-campus during the academic year and earn up to the amount of their award. Federal work-study is offered up to $3,200 for the academic year. Students apply to work during the summer by completing the Summer Financial Aid application which is made available in the spring. Pay rates vary depending on the skill level required for the position. It is the student's responsibility to locate a position on campus. On average, students work 14 hours per week but are not allowed to work more than 20 hours per week.
LMU Work is a LMU funded award which allows recipients to work on-campus during the academic year and earn the amount of their award. To be considered students must have completed the FAFSA and not qualify for Federal Work-Study. Awards are offered for up to $2,000 per year, as funding permits.
Recipients can find a job using a resource called "LionJobs" through the Office of Career and Professional Development. Their website can also give you more information about working at LMU as a student.
Transfer Work is not award through the Financial Aid Office. It is directly funded by a campus department's budget and allows recipients to work on-campus during the academic year and earn the amount of their award offered. If you were not awarded Federal Work-Study or Loyola Work, you may contact a prospective LMU employer directly to determine if their department budget has funding to hire you. If hired, the employer will offer you the position directly by email. Not all departments have Transfer Work to offer to students directly.
Earnings from work are considered taxable income. You will need to determine whether you are required to file a federal or state tax return based on your total earnings from all sources in the prior year. For more information regarding federal taxes, visit www.irs.gov/individuals/students. For California state tax information, visit www.ftb.ca.gov/individuals or the Web site for your state of residency.