A study examined operation of the campus-based Federal Work-Study (FWS) program and experiences and satisfaction of postsecondary students receiving this aid. A survey of FWS students during Fall 1998 indicated the following: (1) nearly all were satisfied with the program; (2) more than 95 percent would participate in the program again; (3) 80 percent gained some job skills that could be useful in another job; (4) students were almost evenly divided between those that felt their FWS job had a positive effect on their academic performance and those that felt their job had no academic effect; (5) most were not averse to working while in school to cover the cost of attendance; and, (6) given a choice, more than 90 percent would prefer a FWS job to additional student loans. A nationwide survey of FWS administrators at postsecondary education institutions about program operations during the 1997-98 award year indicated 84 percent did not award aid to all eligible FWS students, and not all students who were offered an FWS award accepted it. About 10 percent of students characterized their job as a community service. The two most rewarding aspects of this experience were working with children and helping others; more than 80 percent of these students indicated their experience would stimulate future participation in community service; and 40 percent of institutions that operated a FWS program also participated in America Reads. (YLB)