November 03, 2016
Susquehanna University has been ranked eighth in the state for the amount of available federal work-study financial aid awarded to its students.
This ranking is part of a study released by the Student Loan Report. Using Peterson's Financial Aid Data released in August 2016, the Student Loan Report was able to calculate the total federal work-study aid awarded to thousands of colleges and universities in the United States.
Susquehanna was ranked No. 8 in Pennsylvania, with 708 students employed in work-study jobs, which amounted to $795,571 in financial aid. Of Susquehanna's total student population, 54.8 percent are eligible for federal work-study financial aid.
Nationwide, Pennsylvania ranked second for the amount of available federal work-study financial aid awarded to college students.
Benefits to the federal work-study program extend beyond financial compensation; for instance, students can learn how to balance multiple tasks as well as understand the value of hard work throughout college. Factoring in these benefits makes the federal work-study program one of the best alternatives to student loans.
Other key findings of the Student Loan Report's study:
- 22.2 percent of colleges reported self-reported as federal work-study participants with up-to-date financial aid data
- Of those colleges, 58 percent were private institutions while the remaining 42 percent were public institutions
- Private institutions accounted for 60.6 percent of federal work-study financial aid
- Private institutions accounted for 61.6 percent of all work-study jobs
This is one of several best-college rankings that Susquehanna has appeared in this fall. The university has also been recognized for its excellent value, study abroad programs, service opportunities and contribution to the public good.