When considering how to pay for college, some students factor in the potential to earn money while in school. In fact, the Financial Aid Award letter, received once admitted to a college or university, includes any work-study or additional aid a student qualifies to earn during the semester. Part-time jobs, either under the work-study program or not, offer valuable opportunities for students to earn money, reduce debt, and gain valuable experience.
Students who work over summer vacation or academic breaks could use the money they earn to help pay for tuition and other college expenses, reducing the number of student loans needed. Depending upon how much a student makes and the total amount due, they may be able to use a tuition payment plan through the college to make payments over the semester, instead of in one lump sum.
While a part-time job puts money in students’ pockets, it is also an opportunity to:
- Build a network which would lead to finding a mentor and potentially a future full-time job.
- Develop long-lasting skills including invaluable interpersonal and time management skills.
- Evaluate potential career opportunities and gain experience in their desired field.
- Gain confidence and establish a track record of success.
While there are many benefits to working while in school, it’s important to balance work with academics, extracurricular activities, and social events. Students should review their schedule when considering a job during the semester and choose something that set them up for success.