Now, most people think of work study as a last ditch effort for funds, when in reality, for many students this is very smart option to explore before you decide to take out a student loan (and after you have exhausted all scholarship and grant options).

Most schools have a work study program for students who need money for tuition. However, these aren't normal jobs where you get a paycheck based on a salary or regular wage, the hourly wage you earn is capped at a certain amount.

The government gives the school money to pay students for jobs acquired through the work study program. The funds students can earn each semester (or quarter, depending on your school) are set for a specific amount of money and time frame.

So, yes, the money you can earn at a work study job has a limit, but these jobs are also more student-friendly and can be related to your major.

Another perk of work study: the flexibility you'll have by working for the school. They are more understanding of your exam schedule and vacation time than a regular employer. If you were to get a job outside of the school you may have a harder time getting the holidays off or having someone cover your shift while you study or take a test.

This is not to say getting a regular job won't work. If you have time and it's something that will help your finances, try it for a semester, but remember, your primary goal is to get your education and to do well, you don't want to hinder your study time or college experience.