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The financial challenges faced by students are becoming increasingly significant in today's world. The rising tuition, living expenses, and other educational requirements put an immense strain on young adults who often have limited resources.
Without reliable financial support, many students cannot attend college or complete their education with enough money to cover the necessary costs.
In the US alone, tuition costs have outpaced inflation at an alarming rate over the past few years, more than doubling since 2000, according to a study by The College Board.
Even after considering grants and scholarships available for college students, many young adults struggle to afford the education they need.
In addition to tuition costs, the cost of room and board can be prohibitively expensive for some families, especially if there is no family member able or willing to help with this expense.
For example, a 2017 survey by Step Up found that of those surveyed in college households with incomes under $50K per year, 45% reported having difficulty paying for tuition and housing.
This struggle is compounded when factoring in additional costs such as textbooks and other required materials.
Unfortunately, the expensive situation thrusts students into the hustle culture faster than ever. Many students turn to part-time and even full-time jobs to pay for their education, meaning they spend less time doing school work and more time working.
This can have significant academic consequences, as balancing a job and rigorous academic studies can be challenging. Fortunately, these jobs could prove suitable if you prepare for them.
Freelancing
First, students must research how they can make money while studying. It will take a lot of effort, time, and resources, especially when you are new to the lifestyle. Fortunately, you can find guides for students working while studying to help you prepare.
In nearly every aspect, freelancing offers the best path to financial independence as a student.
Popular freelancing jobs include writing, web development, graphic design, and marketing consulting. You can even use your abilities to teach others for an extra income stream.
Those jobs are achievable remotely, meaning you can do them from the comfort of your home or on campus. However, taking on those freelancing roles will require you to set up a portfolio, acquire the necessary certifications, and build your network.
If you want to learn as many digital freelancing skills as possible, you can find plenty of free online resources. YouTube, the biggest video-sharing platform, has many channels dedicated to teaching web design and development.
Additionally, many websites offer free tutorials on various digital skills.
Content Creation
Content creation is an excellent way for students to earn money while studying. Students can monetize their work and make some extra cash by creating content like blogs and articles.
Content creation requires a specific skill set, including writing, research, and communication. It is also an ideal way to hone creative skills, which are essential for personal development and career prospects.
One of the most popular ways to earn money through content creation is through online platforms such as Medium, where writers can create articles or blog posts and make money based on the number of views their work receives.
Additionally, platforms like Patreon are becoming increasingly popular with influencers, who use them to connect with followers and offer exclusive content in exchange for monthly subscriptions from those followers.
This allows them to build a steady income stream from those interested in their work.
Content creators can also make money by offering services directly to clients or businesses needing specific content types.
For example, companies often hire freelance writers to produce copywriting materials or SEO-optimized blog posts that help promote online visibility or brand awareness.
Marketers may also hire writers to develop social media campaigns or email marketing strategies to reach new customers.
TikTok, one of the most popular social media platforms, is a great place to start for content creators. It allows users to post short videos they have created, which you can monetize with in-app ads and partnerships.
Even if you don't have any experience creating videos, plenty of tutorials are available online to help get you started.
Programming
Programming is one of the most lucrative options for students looking to make money while studying. Most programming jobs involve developing software applications or websites and require a solid technical knowledge of coding languages such as Java, C++, PHP, Python, and SQL.
Fortunately, coding boot camps have become more common in recent years, making it easier for aspiring coders to learn the necessary skills. Additionally, many universities now offer courses in computer science and related fields that can prepare you for a career in programming.
Programmers can work remotely on projects from anywhere worldwide by joining freelance sites such as Upwork or accessing job boards like Stack Overflow Jobs. This makes it much easier for students to join the tech industry without leaving home or campus.
Furthermore, many tech companies are now offering remote internships, allowing students to gain valuable experience and make money from the comfort of their own homes.
Final Thoughts
If there is a will, there is always a way. Being a student doesn't mean you can't make money on the side, as long as you are willing to put in the effort.
With so many online opportunities available, it has never been easier for students to find ways to monetize their digital skills and earn an income while studying. All it takes is creativity and dedication!
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