What Income College Students Make

What Income College Students Make
  • Opening Intro -

    Contrary to what some people believe, more college students work than not and some pull down fairly significant salaries as they make their way through school.

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Balancing classes and work on the way to a degree.

A National Center for Education Statistics report, the Condition of Education 2011, reveals that 41 percent of full-time college students aged 16 to 24 hold the jobs on the size with 76 percent of part-time college students in that same range also holding jobs.

Work and School

Notably, 18 percent of full-time students worked between 20 and 34 hours per week, falling from a peak of 22 percent reached before 2008, the year when the economy contracted. Some 6 percent of full-time students worked more than 35 hours per week, balancing full class loads with full-time work, a herculean task, but then that’s youth for you.

The percentage of part-time students who work are employed has remained fairly constant since records were first kept in 1970. However, even with a part-time class, load those working full-time has decreased from 60 percent in 1970 to 37 percent in 2009, the most recent year that information has been recorded.

Making Money

The NCES study revealed that college students earn $14,400 per year on average. That amount is for the 16 to 24 age range and includes students who work just a few hours per week all the way to 35 hours or more per week. Clearly, some full-time students make well above that amount while many part-timers pull in just a few hundred dollars per month.

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Working while attending college can affect a student’s financial aid, but how much of an effect it can have may vary from student to student and from school to school. Check with your financial advisor for guidance.

Job Options

As far as finding work goes, you have quite a few options available to you. If you are receiving financial aid, part of your package may include employment such as in the college media center, a dorm or elsewhere on campus. Some jobs, however, are open to all students and can be worked around your class schedule.

Your College and Career office may also be able to find a paid intern opportunity for you. Under this arrangement, you get paid, earn valuable experience and you may get college credit. Where internships are not available, your college may have a working relationship with an local employer that needs seasonal workers. Regardless of whether these opportunities can be counted as an internship or not, you’ll get what most college students want: money.

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Last update on 2018-06-19 / Affiliate links / Images from Amazon Product Advertising API

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