Can work-study money run out?

Each college or university is awarded a certain amount of work-study money each fiscal year. The amount is determined based on the amount of students receiving financial aid (I don’t remember the actual formula – it’s been a while since I was an academic chair).

So the short answer is, ‘yes’, they can run out of work-study money if they manage it poorly.

Find out who runs the work-study program at your school (financial aid, student services, etc.) and ask them when they are slated to receive additional funds (when does their fiscal year renew)? Ask if they can retain your application until then and contact you or do you have to come back then and re-apply.

Then go back to the person who offered you a gig and explain the situation. They may be willing to keep the spot open for you depending on how long you have to wait for additional funding.

Runs out all the time. You should have turned in your paper work earlier, even if you didn’t have a job lined up already. At my school when the school runs out of it’s allotted amount they’re out unless someone happens to go in and sign theirs away because they don’t intend to use it.

Sorry. I got into that situation once before. It sucks.

Money can always run out.

Yes.