Is It Possible to Work Through College to Avoid Drowning in Loans?
The conversation around mounting college costs—and the subsequent loans and debt that drown recent graduates—often revolves around how to repay tens of thousands of dollars or considering the possibility of skipping costly higher education altogether.
But what’s sometimes left out of the chatter is the option of working through school to defray the costs. And the reason WHY is obvious from a story in The New York Times this weekend: it’s not easy to pull off good grades while earning bucks on the side. Plus, as the cost of education increases, the money college kids can earn simply doesn’t go as far toward covering tuition and living expenses.
Here’s an excerpt from the piece:
While many students are trying to defray some of the costs, few can actually work their way through college in a normal amount of time without debt and little or no need-based financial aid unless they have an unusual combination of bravery, luck and discipline.
“I literally never went out,” Mr. Tolmie says. “There just was not time to do that.”
The story also takes on a lawmaker who seems out of touch with exactly how much a college degree costs these days:
Others recall working their way through college themselves, including Representative Virginia Foxx, a Republican from North Carolina who heads a House subcommittee on higher education and work force training. “I spent seven years getting my undergraduate degree and didn’t borrow a dime of money,” she once said at a subcommittee meeting, adding that she was bewildered, given her own experience, by tales of woe she had heard from people with $80,000 in debt.
Here’s the full article if you want to read more.
What do YOU think? Is it possible to focus on school AND a job? What are some good ways for college kids to make money? Have you tried to hold down a decent-paying position while still maintaining your grades?
Let us know in the comments!
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