This post is featured on behalf of Stacey White.
Higher education is expensive. College degrees are more expensive than ever, and students are graduating with an average debt of nearly $40,000. But, it’s also harder to get a job. Despite the enormous costs and levels of debt, more people are going to college and university and graduating with good grades. This means there’s much more competition for graduate jobs. For each job, hundreds, if not thousands of people apply. Many of which have similar degrees, similar grades, and similar experience. It can all come down to luck. Which means that many graduates, with $40,000 of debt, are stuck working in a low paid job in a completely unrelated field.
One solution to this is gaining further education in the form of a master’s degree. Perhaps a ma education. While this is, of course, a further expense, it can mean that you get a fantastic graduate job and start earning well straight away. It can give you the chance to clear your debts much faster, get on the property ladder and even start saving. But, to do this, you need to fund your masters in the first place, without racking up too much debt. Here are some ideas to help you.
Get a Job
The best way to fund anything is always with work. By working while you study, you can pay for your course, and support your lifestyle, without getting into debt. However, it’s important to remember not to work so much that you jeopardize your studies.
Ideally, you should look for a part-time job that will help you with your course or give you some valuable experience when it comes to looking for a career at the end of your studies. It could even lead to a job offer once you graduate. Look for part-time entry-level jobs in your chosen field to get started.
If that’s not possible, consider jobs that offer flexible hours such as retail or catering, where you could work most of your hours at weekends.
Of course, another option is taking some time out from education and working full-time for a while first. Put some money aside each week, find ways to budget and save extra and start your course once you’ve got enough money to pay for it. You might still need a job to give you money to live but starting with savings takes a lot of pressure off.
Apply for Help
As a student, you have options when it comes to financial aid. A scholarship or bursary is your best option, as you won’t have to pay it back. But, you can also take out a student loan if you need to. When it comes to borrowing money, make sure you understand any terms and conditions and the repayment options.
If you are struggling to hold down a job and give your work the focus it needs, or if you only need to make a little extra cash, working online can be the perfect solution. You can earn money by blogging, testing websites, taking surveys and filling in questionnaires, with affiliate marketing and many others.
Padding your pockets while earning a masters degree will set you up for financial success later in life.