How to Manage Part-time Work and School

October 21, 2010 | posted by College Money Insider.

The following is a guest post by Olivia Coleman.

Many college students across the country have to work in order to make ends meet. Even with federal and private student loans and scholarships, there just isn’t enough money to go around. Unfortunately, working, even part-time, can cause great strain on students and their academics. But with a few helpful tips, students can find a healthy balance between working and going to school.

Take Inventory of Your Finances

The first thing students should do is take an inventory of their finances. This means making a list of all expenses, both personal and school related, and all current sources of income. Then, students should create a budget that clearly outlines how much money they need to spend in certain areas, like entertainment, food, tuition, etc.

If the amount of money students need to spend each month far outweighs the amount of money they are allotted, it might be time to look for a job. But understanding how much money they need will help students know how much they really need to work. Some students might be able to only work on the weekends, or during the summer months, which would absolutely help them stay focused on their studies.

Find Jobs that are College Student Friendly

When looking for employment, students should find employers that are used to working with college aged students, which means they will be more flexible and understanding to the rigors and challenges of college life. As such, many students seek employment on their college campuses.

Many schools pay students more than minimum wage, and enforce a strict maximum working hours policy that prohibits students from working too much and neglecting their school work. Working for one’s school could also provide them with an opportunity to work in their field of study and gain valuable professional experience.

Schedule Work Around Classes

Students should also conscientiously create a schedule that allocates enough time for classes, working, and also studying and personal time. Many experts believe that students that work longer than 20 hours per week will struggle more academically than students working less than 20 hours per week.

Students should consider beginning their part-time jobs slowly, only working a minimum number of hours for the first several weeks. If they can successfully manage work and academics, but would like to earn more money, then they can consider increasing the number of working hours.

With these easy and helpful tips, students will be better prepared to manage working part-time and going to school.

This post is contributed by Olivia Coleman, who writes on the topics of online colleges and universities.  She welcomes your comments at her email Id: olivia.coleman33 @gmail.com.

 

  • http://www.CollegeFundingResource.com Felicia Gopaul

    I just read a report put out by Public Agenda with support from the Gates Foundation. In the study, “among students in four-year schools, 45 percent work more than 20 hours a week” and “among those attending community colleges, 6 in 10 work more than 20 hours a week, and more than a quarter work more than 35 hours a week.” For these students, your idea of starting out slowly would be difficult to follow. This population of student often does not follow the traditional view of student as a full-time student who works for a little spending money. “You can read the report here”.

  • http://www.overturemarketplace.com/ Jeff Sheely

    Great point, Felicia! While it might be ideal for many students to ease into work as Olivia describes, “non-traditional” students may not have that luxury and could need to follow a different path. Thanks for the comment!

  • http://www.overturemarketplace.com/3-tips-for-shopping-around-for-student-loans 3 Tips for Shopping Around for Student Loans | CollegeMoneyInsider.com

    [...] to consider all of the costs of attending college, and you should also determine whether you will work part-time to help pay for [...]