Federal Minimum Wage Increase is Good News for Students
If President Obama‘s plan to raise minimum wage goes through, plenty of people will benefit. One group in particular may see a direct benefit, but they probably aren’t the first group of people thought of during minimum wage discussions.
College students who are part of the Federal Work-Study Program, which helps them pay for their education, would be directly impacted by an increase in minimum wage. The program itself could also see some changes as award packages would have to be altered to allow for what essentially amounts to multiple students receiving raises at once.
Students participating in a Work-Study program are required to be paid at least federal minimum wage. Currently, that means making at least $7.25 per hour. If the raise in minimum wage goes through, their pay would increase to at least $10.10 an hour. Some Work-Study participants already make more than that depending on their individual circumstances.