How you can earn money while in college and reduce your student loan debt burden.
Americans have been pounded by rising college costs which have increased between 400% and 600% percent over the past three decades. Students are taking on more student loan debt than before to foot the bill for their college education. The average graduate who took out loans (7 out of 10 do) and graduated in 2013 borrowed close to $30,000 for a bachelor’s degree, which means a monthly payment of $312 for the next 10-years. The best ways to avoid ensnarement in the loan-repayment trap is to incur as less debt as you can in the first place. Earning while you are learning by taking up jobs in college can earn you some extra cash and save you from having to take out excess student loans to pay for your expenses.
If you are a college student, there are some unique jobs available for you do that pay well…at least enough to take care of your basic expenses. These are not your usual sales or clerical jobs, but can surely reduce your student loan debt burden.
Do you like science? You can start making money quickly by becoming a research subject. Colleges and universities are always looking for people to carry out their research studies like filling up questionnaires or testing drugs. As a research subject, you can make anything from $10 to $100 an hour.
Imagine getting paid to do shopping! Becoming a mystery shopper where you actually get paid to shop is another way to make some extra dough! You’ll be asked to visit a hotel, restaurant, entertainment venue or stores and share your shopping experiences. It’s a great way to make some easy money.
Nothing beats making money by helping someone in need. Donating plasma can put that much-needed cash into your wallet when you are in college as well as help to heal a sick person. Plasma is the blood’s liquid component and is required to treat medical conditions. Donating plasma twice a week at any of the 330 plus license plasma collection centers across the country can earn more than $30. So if you are 18 and weigh at least 110 pounds, go ahead and donate plasma to ease that cash crunch a bit.
If you’re a computer geek, put your tech skills to good use by taking surveys to make some money on the side while studying in college. You’ll find a large number of online survey jobs advertised on job boards and websites by companies that need information. The payout can be as low as $1, but will add up fast as you complete more and more surveys.
Do you love children? Then babysitting is another good option for you to earn extra cash. The work usually lasts for just for a couple of hours as the kids go to bed soon, which gives you time to complete your studies or complete projects.
If you’re comfortable with doing odd jobs, check out the temporary gigs section of Craigslist which is always filled with classified ads for everything from back-end data entry to serving drinks at a party. These are usually one-time jobs but pay well.
Everyone is usually good at something. What are you good at? No matter what your talent, you’ll find virtual gigs you can carry out (like writing resumes, helping with Facebook, designing websites, being a virtual assistant, etc.) on microgig sites like Fiverr, Mechanical Turk, etc. Once you have built a portfolio, the earnings can start to build up fast.
Do you usually score well in some subject like Math or English? Then what could be better than teaching those very subjects you are strong in to other students. You can earn money in your spare time by being a part-time teacher or even an online tutor. Besides being paid on an hourly basis, a teaching job gives you the flexibility to choose your own working hours, so the job doesn’t affect your studies.
written by Scarlett Lohan