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Making Money While Pursuing Higher Education

When we think of higher education, we tend to think of eighteen year olds who have recently left compulsory education and have progressed straight onto the next rings of the educational ladder.

While relatively few students have a lot of money, the majority won’t have all too much responsibility at this age. They’ll only have to provide for themselves and they are likely to be approved on student loans that will provide them with the money that they need to cover accommodation and living costs while they attend classes, prepare for exams, and write coursework. The main bulk of students attending colleges and universities may well fall into this demographic.

But bear in mind that not all do. Some students will not receive full loans or grants and may require extra money to get by. Some students will have families or dependents who they have to provide for. Some will have financial commitments like mortgages before they even consider studying. But all of these people can also study at higher education institutes. They will just have to find means of earning money at the same time in order to get by. If this sounds like you, here are a few different things that you can do to generate an income at the same time as studying for a degree.

Apply for Scholarships

Before starting any course, take a look at what scholarships are on offer. Most institutions have some sort of scholarship for each course that they offer. These will generally cover part of the costs of your course, or may provide you with some sort of stipend that is deposited into your bank account throughout the term. This could help to sustain you through your studies. It’s always worth applying if you fit the requirements. Have faith in yourself and give it a try!

Grants

It’s also worth looking out for grants. These are sums of money that you can receive to aid your studies that you do not have to pay back. Enquiry as to what different grants your institution offers and apply for any that are relevant to you and your personal situation.

Consider Online Learning

If you already have a job but want to study, you can study around your work without necessarily impeding on your performance in your current job or your studies. You just have to consider online courses and you will have to manage your time very precisely.

Many people fear that they cannot work a full time job and study at the same time, as they couldn’t possibly make it to campus for lectures and seminars – these are usually held during standard nine to five working hours. But online courses, like Aston Online’s business management degree, allow you to watch and listen to lectures around your current position. You could easily fit this into your routine. Whether this means watching your lectures on public transport during your commute or sitting down to focus on your studies in the evening. You just need to learn to manage your time sufficiently to fit everything in. Sure, this may be relatively draining as time goes by. But the average course lasts three years and gaining the official qualification of a degree will be more than worth it!

Take On a Part Time Job

If you are currently studying and struggling for cash, but want to remain as committed as possible to your course, you could take on a part time job. This could be evening work in a bar or weekend work in a retail outlet. Sure, these positions may not reflect your interest areas or what you’re studying, but they will provide you with a relatively stable income and relatively flexible hours throughout your studies. Just make sure that you don’t agree to too many hours and find yourself having to choose between letting work down or putting too little effort into your course.

If you can, you could try to find freelance work pertaining to your current field of study. If you are studying photography, for example, you may be able to secure some freelance photography projects. This helps to build your portfolio and provide you with on the job experience in your chosen area too!

Selling Textbooks

If you’re looking for some quick cash, consider selling old textbooks that you don’t use any more. Each year, or even each semester, your reading list may change and books that you previously spent a lot of money on could end up sitting in corners of rooms or ignored on shelves. Instead, make something back from them! Offer them to people in lower years on the same course for a discounted price. They are likely to opt for this over brand new, full priced, store bought options.

Try Tutoring

If you’re studying for a degree, chances are that you’re relatively competent in your area of specialism. So why not consider tutoring? Many parents will pay for tutors to help their children with any academic difficulties that they have been experiencing at school. Just make sure to create a good name for yourself. Request specific information regarding the help that the child needs and the goals that the parent has in mind. Prepare lesson plans. Bring along necessary materials to lessons. Arrive on time. Be polite. These are all steps that could lead to good reviews, recommendations, and building up a loyal base of clients. There are plenty of sites and agencies out there that work to pair up tutors with students, so check some out and opt for those that charge the lowest fees.

Studying can make life financially difficult. After all, you’re committing a large portion of your time to an unpaid venture. However, there are ways to make it work if you really want to. Consider some of the different money making options above and incorporate any relevant or potentially useful ones into your lifestyle. Each could make a huge difference to your ability to complete studies without breaking the bank!

Photo by Juan Ramos on Unsplash


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