Federal Work-Study income (although taxable) does not affect your future financial aid eligibility. The money you earn up to the amount of the award is considered “aid” and money earned above the award amount is considered “income” on your renewal FAFSA the following year. For more information on the treatment of Federal Work-Study earnings on your FAFSA, please contact the Office of Financial Aid at DePaul Central.
As a student working on campus you are required to pay State and Federal taxes, but you are exempt from FICA tax during the academic quarters.