10 Great Ways to Make Money While You Study Abroad

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Studying abroad can be an invaluable part of a college education, but you might be worried about the cost. Fortunately, it is possible to support yourself out of the country if you figure out how to make money while studying abroad.

Some visas let you take part-time jobs, or you could work under-the-table as a tutor or babysitter. Plus, thanks to the internet, it’s easy to make money abroad by working online.

How to make money while studying abroad

If you’re looking for ways to finance a semester or two outside of the U.S., here are 10 options for study abroad jobs, as well as factors to consider as you decide whether to seek your fortune abroad.

1. Teach English
2. Tutor students in test prep
3. Work as a freelancer online
4. Babysit
5. Offer translation services
6. Become a tour guide
7. Help out at a hostel
8. Wait tables (visa permitting)
9. Work on-campus
10. Create your own travel blog (and keep at it)
Plus: Should you work abroad as a student?

1. Teach English

The ability to speak English is a hot commodity. As the international language of business, English is coveted across the globe. Who knew speaking English was such a marketable skill?

It’s easy to connect with students looking for English tutors. Advertise your services on campus or online. Many cities have local discussion boards or Facebook groups where students and tutors can connect.

Besides meeting up in person, you can also teach English online. Companies such as Udemy, Verbling and Italki connect you with students all over the world through Skype. Let’s say you made $15 an hour teaching English. If you worked 10 hours a week, then you’d be pulling in $150 each week, or $600 a month.

2. Tutor students in test prep

In addition to tutoring in English, look for students who want help preparing for U.S. admissions tests, such as the SAT or ACT. Besides helping students ace these tests, you can guide them through the college admission process.

As with teaching English, you can meet up with local students or tutor online. Student Tutors, for instance, is one company that hires college students as online tutors.

3. Work as a freelancer online

Do you have other marketable skills to offer online besides teaching or tutoring? Some fields with abundant freelance opportunities are writing, editing, programming and website design. Check out work-from-home sites like Upwork and Freelancer to see what roles are available.

These sites let you apply to jobs and offer services. Pay varies depending on the service and length of the project. Helping someone write their dating profile, for example, would earn you just $5 on Fiverr. Designing a website for a company through Upwork could make you $500 or more.

4. Babysit

If you enjoy spending time with kids, consider finding a babysitting job. Babysitting is typically flexible, and it pays well. Plus, you’ll connect with a family and get a deeper sense of your host country’s language and culture.

Check your college’s job board for babysitting opportunities. Alternatively, look for local websites that connect babysitters with families. Care.com, for instance, operates in 20 countries around the world matching families with caregivers.

5. Offer translation services

Do you have a working knowledge of your host country’s language? If you’re fluent, offer translation services. Translators generally set their own rates by the word depending on their experience level and efficiency. Translating will let you make money working abroad while honing your language skills and building a portfolio.

6. Become a tour guide

Would you love to bring people on tours around your new city? Reach out to tourism companies and see if any are looking for tour guides. This role is a fun way to learn more about your host city and meet new people as you make money abroad. Just don’t lead any pub crawls the night before a big exam.

7. Help out at a hostel

Working at a hostel is another avenue to consider if you’re thinking about how to make money while studying abroad. Hostels don’t always update their openings online. Your best bet is to go in person and inquire about any opportunities.

8. Wait tables (visa permitting)

Some student visas let you work part-time. If yours has this allowance, look for work in a cafe or restaurant. In the busy environment of food services, you’ll be fluent in your host country’s language in no time.

9. Work on-campus

If you’re studying abroad through a university, rather than an external program, then the college may offer on-campus jobs. Eligible students may be able to find work-study jobs on the branch campus. Speak with the study abroad office to learn about your options for making money abroad. Maybe the office will even set you up with an on-campus job before you arrive.

10. Create your own travel blog (and keep at it)

Finally, you can try to make money abroad by starting your own travel blog. While study abroad travel blogs are a dime a dozen, most of them are more personal than professional. If you’re serious about it, look for a way to fill a niche, produce stand-out content and monetize your blog.

Of course, you’ll need to write posts on a continuous basis, which can be tough as a full-time student. Plus, blogs take several months to a year to start generating revenue. Starting your own blog may make you money eventually, but it’s probably not your best option for immediate income.

Should you work abroad as a student?

Working abroad has its challenges. You have to work around a language barrier, learn new customs and adapt to different ways of doing things. By meeting these challenges, though, you’ll sharpen your language skills and broaden your horizons. Along the way, you’re sure to gain lots of self-confidence.

If your job takes too much energy from your studies, then it might not be worth it. However, with the range of opportunities for making money while studying abroad, you’ll be able to find a flexible role. By working abroad, you’ll take the pressure off your finances and hopefully reduce the amount you need to borrow in student loans.

For more tips, check out this guide for six ways to pay for study abroad without going into debt.

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1 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount.

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To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of October 1, 2020.


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All credit products are subject to credit approval.

Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.

As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

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This information is current as of September 9, 2020. Information and rates are subject to change without notice.
 


3 Important Disclosures for SoFi.

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  1. Student loan Refinance: Fixed rates from 2.99% APR to 6.09% APR (with AutoPay). Variable rates from 2.25% APR to 6.09% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.25% APR assumes current 1 month LIBOR rate of 0.18% plus 2.32% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. 

4 Important Disclosures for Earnest.

Earnest Disclosures

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 2.98% APR (with Auto Pay) to 5.79% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 5.64% 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 July 31, 2020, 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 7/31/2020. 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 protected], or call 888-601-2801 for more information on our student loan refinance product.

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5 Important Disclosures for LendKey.

LendKey Disclosures

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.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 10/15/2020 student loan refinancing rates range from 1.98% APR to 8.55% Variable APR with AutoPay and 2.99% APR to 8.77% Fixed APR with AutoPay.

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.