Walden University Becomes the First Online University to Receive U.S. Department of Educational Federal Work-Study Allocation

Minneapolis—February 23, 2005—Walden University this week became the first online university to participate in the U.S. Department of Education’s Federal Work-Study (FWS) Program. Walden’s first Federal Work-Study allocation will be awarded to students beginning in the fall of the 2005–2006 academic year.

The purpose of the FWS Program is to provide part-time employment for undergraduate and graduate students to help them defray education costs. In addition, to the extent practicable, Walden will offer students FWS positions that complement and reinforce their educational program or career goals.

The program provides funds to accredited colleges and universities that have applied for and received approval by the U.S. Department of Education to participate in federal Title IV financial aid programs. Today, students at more than 3,300 participating postsecondary institutions can receive FWS funds—but not until this week could students at a comprehensive online university do so.

“Walden University is proud and honored to be the first online university to receive a FWS allocation, and we look forward to awarding the funds to our hard-working and professionally dedicated students,” said Paula Peinovich, Ph.D., president and provost of Walden University. “To us, the distinction of being the first such institution chosen means that the U.S. Department of Education has faith and confidence that Walden University will continue to demonstrate our utmost commitment to educational quality and student support.”

Students who apply for aid with Walden University’s Office of Financial Aid by completing the Free Application for Federal Student Aid (FAFSA), and who demonstrate financial need, may be eligible to receive FWS funds. If a student is awarded the funds, complete details of the policies and procedures will be enclosed in the award letter.

In 2001, Walden University became one of approximately 25 accredited institutions accepted into the U.S. Department of Education’s Distance Education Demonstration Program. This initiative, authorized by Congress in 1998 to test the quality and viability of expanded distance education programs, provides access to federally funded financial aid programs for students enrolled with online and other distance-learning institutions.

About Walden University

Since 1970, Walden University has offered working professionals the opportunity to earn advanced degrees through distance learning. Today, this comprehensive, accredited online university offers master’s and doctoral degrees in education, psychology, management, and health and human services, as well as bachelor’s completion programs in business. For more information, visit www.WaldenU.edu.

Accredited by The Higher Learning Commission and a member of the North Central Association www.ncahlc.org; 312-263-0456.