Today's college students are less prepared for college-level work than their predecessors. Once they get to college, they tend to spend fewer hours studying while spending more hours working, some even full time (D. T. Smart, C. A. Kelley, & J. S. Conant, 1999). In this study, the authors examined the effect of both time spent studying and time spent working on academic performance. The authors further evaluated the interaction of motivation and ability with study time and its effect on academic performance. The results suggested that nonability variables like motivation and study time significantly interact with ability to influence academic performance. Contrary to popular belief, the amount of time spent studying or at work had no direct influence on academic performance. The authors also addressed implications and direction for future research. (Contains 4 tables and 1 figure.)