UNIVERSITY OF ALASKA ANCHORAGE
Grant: $60,149 - Department of Education - Jul. 1, 2009
No votes have been cast for this award yet
Join the conversation: Post a comment about this award
Award Description: The Federal share of compensation paid to students does not exceed 75 percent for work on campus, or work in a public agency or private nonprofit organization, unless waived by the Secretary. The Federal share of compensation paid to students does not exceed 50 percent for jobs with a private-for-profit organization. No more than 25 percent of an institution's work-study allocation may be used for private-for-profit organizations. This grant to UAA provides FWS employment to its' students. An institution is entitled to an administrative cost allowance for an award year of 5 percent of the first $2,750,000 of its' program expenditures, plus up to 4 percent for expenditures greater than $2,750,000 but less than $5,500,000 plus up to 3 percent of expenditures in excess of $5,500,000. An institution is required to use at least 5 percent of its' total FWS allocation to pay the Federal share of wages to students employed in community service jobs unless it receives a waiver. Federal College Work Study provides need-based financial aid to students.
Project Description: Although we have had student on-campus College Work Study workers since July 1, 2009, we did not originally set up a separate grant/fund to record these expenses. When we received the Guidance issued by US Department of Education Clarifying Guidance on ARRA of 2009 Reporting of Jobs Creation Estimates by Recipients issued on September 24, 2009, we set up the necessary segregated accounting process to track these student workers compensation. When UAA reports for the period ending 12/31/2009, we anticipate that most or all of our allocated ARRA award portion will be expended. Federal Work-Study provides need-based financial aid to students through compensation for hours worked at on-campus jobs
Jobs Summary: This project was originally awarded without ARRA funding. We received notification on September 24, 2009 in Clarifying Guidance on the American Recovery and Reinvestment Act of 2009 Reporting on Jobs Creation Estimates by Recipients issued by the US Department of Education that we have a reporting requirement for FY2010 Federal College Work Study On-Campus. We have had student employees since 7/1/2009 but we had not segregated this ARRA funding until the send of September. We will have labor for these student workers to reflect the beginning of the funding period. This is done through labor payroll corrections. There are currently no charges in this account and no funds have yet been drawn due to this revision in accounting for the ARRA portion of the FY 2010 Federal College Work Study On-Campus USDOE award.Federal Work-Study Program jobs. (Total jobs reported: 0)
Project Status: Less Than 50% Completed
This award's data was last updated on Jul. 1, 2009. Help expand these official descriptions using the wiki below.
No comments have been added for this project.