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Wisconsin Department of Children and Families Wisconsin Works (W-2) Manual |
17.2.3.1 Budgeting and Financial Counseling
The W-2 agency must complete a budget with all JAL applicants, using any active income, passive income, savings, and/or prospective income.
The FEP must use CARES screen BVJW to develop a budget using cash as the only means to repay the loan. The FEP must print out BVJW screen and scan it into ECF as documentation of whether the applicant can afford the loan.
Note: Once eligibility is determined, the FEP and the applicant can renegotiate the terms of the loan repayment. Up to 75% of the debt can be repaid through documented in-kind community service work. (See 17.5.3)
17.2.3.1 Budgeting and Financial Counseling
When a JAL recipient is interested, the W-2 agency must offer budgeting classes or to arrange financial counseling from an external provider.
Formal budgeting classes may be helpful for clients with large loans or for JAL recipients with a history of difficulty budgeting.
History: Release 24-10.