A recent survey found that nearly 70% of students will graduate with a significant amount of student debt; 21% owing more than $50,000. With 69% worried about making ends meet after graduation, it’s no wonder that 70% of college students are working while in school—a number that has steadily increased over the past 25 years.
If you are interested in earning some extra income to put towards your loans while in college, consider these 5 side hustles that will increase your cash flow without conflicting with your study time.
If you have a car, you can earn some extra cash driving for Favor Delivery, Lyft, Uber, DoorDash or Instacart. Ride-sharing and delivery services allow you to work as many or as few hours as you want, providing the opportunity for unlimited income potential.
If you don’t have a car or are looking for something super convenient, there are hourly jobs available for students right on campus that will work around your class schedule. Best of all, some positions (such as monitoring the computer lab or remaining available to advise students) allow you to study during down time. A total win!
Reach out to local public schools by campus or place your information on a community board at the library nearby. Parents are always looking for affordable tutoring options, and finding a student from the university is a win for them (and you). You can even sign up with apps like Wyzant to match you with tutoring opportunities in your area.
Use Your Talents
Photography major? Create a little side business taking family, business or real estate photos for people in the community. Art major? Offer to draw murals or designs at local libraries, schools, or churches. Play an instrument? Play at business affairs, weddings or various engagements. The possibilities are endless…
Sell Items Online
Used books, DVD’s, CD’s, electronics and more can be sold directly on Amazon or Ebay. You’d be surprised to learn just how many people earn some extra money by simply searching through garage sales and thrift shops to sell the items online. Some are so successful, they create a side business, renting a self-storage unit nearby to keep their extra inventory. With units available at affordable prices, you really can’t blame them!
By taking on some side gigs while in college, you can help earn a little extra cash to tackle your student loans in real time, placing you in a strong position financially once you graduate.
In the words of Colin Powell, “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”
Wishing you much success!