Earning an income over the summer can help you minimize the student debt you take on throughout college. Those precious few months when school is out are important to help you save money and prepare for the upcoming year’s expenses.
But knowing where to find work can be difficult. Here are a few ideas for high-paying jobs you can take on this summer, plus ways to budget all that hard-earned money once it’s yours.
Exciting summer jobs for college students that pay well
If you’re not sure about which jobs you should consider, think about the skills you have or are looking to develop for your future career.
Mentor at heart? Ways to make money instructing
If you have a passion for helping others reach their goals and improve themselves, here are some jobs to consider.
SAT tutor jobs are paying between $12 and $36 hourly, according to listings on Glassdoor. Subject area expertise and prior tutoring experience can help you stand out from other applicants. Search for jobs by contacting local high schools, universities, and tutoring centers.
If you don’t feel confident tutoring a specific subject for the SAT, consider working with students at a different grade level or working as a teaching aide or assistant.
2. Athletic coach
From cheerleading to basketball to tennis, if you’re talented in a particular sport, you might be able to turn that into summer earnings. A search for youth sports coaching jobs posted on Indeed in the Los Angeles area showed an average hourly wage of $17. You can also consider advertising your services privately as a side hustle to make more cash.
Like being inside? Make money without leaving the house
Working from home has its perks. It’s convenient and comfortable. But these high-paying summer jobs for college students aren’t always easy to come by. Here are a few positions you can seek out.
3. Audio or video transcriber
I was fortunate to find a summer job working as a transcriber. I found the position through an online classified ad and got to transcribe content for a reality TV series. It was my first foray into the film industry before I pursued a film minor in college.
The experience was amazing, but if I ever develop carpal tunnel syndrome, I’m directly linking it to this job. It involved a lot of typing, somewhere near 10 hours a day.
All sorts of audio needs to be transcribed, from interviews to medical records, court documents, and TV production footage. TranscribeMe, a transcription service, states that earnings start at $20 per audio hour.
Another place to start looking is GMR Transcription. The service asks you to transcribe a minimum of four audio hours per month.
4. Freelance writer
If you have a knack for writing and articulating ideas and stories, freelance work could be a good option. Freelancing is less like having a standard job and more like running your own business, which means you’re not going to earn a guaranteed income.
According to PayScale, the average U.S.-based freelance writer makes a little under $25 per hour. But your rate is only as good as your negotiating skills. But, if you do it right, you don’t have to leave the house for meaningful, high-paying work.
Outdoorsy? These jobs will get you outside
If you enjoy being outside and on your feet, here are some ideas to get you out of the house.
5. Road work crew flagger
A flagger works on a road work crew. They ensure cars slow down as crew members enter and exit the construction zone. Entry-level flagging jobs without any education or experience level requirements start at around $12 an hour, according to listings on Indeed.
6. Tour guide
Whether you’re offering walking tours around the city, on college campuses, or out on hiking trails, you’re liable to find interested customers. Airbnb Experiences is a great outlet for this summer job. It allows you to create and host your own tours.
For example, some Airbnb hosts in Denver charge $49 per person for hiking excursions through the Rockies. Longer or more advanced hikes cost more. But other hosts offer local coffee tours, makeup lessons, and city walking tours.
How to budget your summer earnings
Finding the right summer job is important, but knowing how to budget the money you earn is key. By planning out your budget ahead of time, you can map out your financial goals and how you’ll reach them.
Here are a few financial goals you could devote your earnings to:
Create an emergency fund: Building an emergency fund could save you if your car breaks down next semester, if rent is unexpectedly raised, or if any other unexpected expenses crop up.
Cover school-related costs: You can use your summer earnings to cover the cost of books, school supplies, or your meal plan.
Save up for travel: If you devote your summer earnings to travel expenses, such as to pay for your trip home over Thanksgiving or Christmas break, you can buy flights early or when they go on sale.
There’s more to a summer job than the retail or food service industry. By using the skills that you’re already developing in your college program, you can potentially get a higher-paying job that allows you to save for major expenses you’ll face during the school year.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.54% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of March 18, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 0318/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.5% effective February 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.54% – 7.12%3||Undergrad & Graduate|
|2.54% – 7.27%1||Undergrad & Graduate|
|2.67% – 8.96%4||Undergrad & Graduate|
|3.23% – 6.65%2||Undergrad & Graduate|
|2.69% – 7.43%5||Undergrad & Graduate|
|2.98% – 9.72%6||Undergrad & Graduate|