An independent and fun-filled life is the fantasy of every college student. However, with the limited financial budget of a student, this fantasy remains just that – a fantasy. Moreover, college loan repayment is another obstacle that not only prevents this kind of life for students but also prevents them from investing independently and earning rewards to help financially support them.
As a student, there are many ways to earn money. Content writing is one huge field that has helped many students. With a lot of freelance websites in motion, students can grab work that interests them, write articles and earn by selling those. Students can also start their own blogs and earn money through them.
2) Be A Tutor
If a student excels in English, they can earn by proofreading and editing articles of their peers or by becoming tutors. Teaching is the best way to excel in a subject and by becoming a tutor, students can earn, polish their own skills and knowledge and be a valuable service to those around them. Schools usually have teaching assistant posts or a campus tutoring center available where students can take the role of a tutor.
3) Become a Notetaker or Sell & Textbooks
Students with learning disabilities are provided with note takers that are compensated fairly well, and by taking up such a position, students can not only help their peers but also earn for themselves. Selling text books at the end of the term is another way income can be generated. Textbooks are a huge expense for students, so many look out for used books from seniors. Approaching such students results in a win-win situation for both parties.
4) Get a Part-time Job or Internship
Most universities and colleges have a career counseling department that provides students with opportunities to work with local or multinational companies. Students can look out for such internship / job opportunities and work part time. This would build their resume, provide them with adequate experience and help students make money. On campus jobs such as waitressing or administrative work in various departments are also available that help students to make money. Usually, students also participate in paid interviews, surveys and medical experiments that add cash to their wallets.
For most students, having cash to spend freely is a major issue; not only during their study years, but also after graduation. This is mainly due to the high amount of interest they have to pay on student loan repayments. While some students have their repayment strategies chalked out, most do not care to think about it until after they graduate and the grace period has almost ended. Hence, having made some money while studying at college can be a huge advantage for every student while at college and even after they graduate.
Earning while you study can also reduce your dependency on student loans, resulting in fewer repayment problems and reduced interest payments.
This article was contributed by guest author Henry Kingston.