Ever wonder how you can pay off your student loans faster? Did you know that there are ways for you to earn extra money throughout the summer to put towards your student loans to help you avoid being one of the students with over $37,000 of student loan debt? Of course, you cannot focus on any full-time, full-commitment jobs right now, as you probably plan to head back to school after the summer is over.
Below, we will go over some ideas to help you make extra cash this summer before you start planning to head back to school.
If you have a skill or you specialize in a type of service that requires your level of knowledge, consider freelancing. This is a wonderful opportunity because you can do it from home and you do not have to give up time with the family to earn money.
Freelancers can earn a wide range of money from a couple hundred bucks throughout the summer to a few thousand dollars throughout the summer. It really just depends on your skill set.
The most in demand freelance jobs are often graphic design, SEO, writing, and web design. If you have the skills to do any of these, you are golden. Many large companies hire freelancers because of the convenience. You may also find positions that allow you to work from home operating as a customer service representative during heightened seasons for businesses.
2. Sell Your Items
Do you have some items that were last year’s news, but someone may still want them? Unload them and sell them. If you know that you will not use them, then why not make some extra cash for them. If you find that you do not want to have a yard sale, consider renting a booth at a local fair or even the flea market. You could always sell your items online too.
3. Part-Time Job
While a freelance job sounds nice because you can work from where you want, a part-time job is another option. Many retail companies and small businesses know that summer is the perfect time to hire students who are looking for temporary work while they are no longer in classes.
You can likely score a nice job if you look hard enough. If you find that you have a lot of time on your hands, consider taking on a full-time position or even picking up a second part-time job.
4. Sell Your School Books
You can make quite a bit of money off of your school books, especially if they are being used for the subsequent semester. You often have two options and that is to sell the books back to the school or you can sell them online. If you do choose to sell them online, you can often re-coup up to 50 percent of the amount that you paid for them. So, if you spent $300 on your books, wouldn’t it be nice to get $150 back and send it off to pay down your student loan debt?
5. Become an Online Sensation
Are you often funny? Quirky? Or just informative? If so, and you have a knack for entertaining people, you can easily create an online presence. Many different personalities have created their own YouTube channels or Twitch channels and are able to make a nice income doing so.
You can choose to specialize in any type of subject matter from cooking on screen to fitness tips or just being yourself and telling jokes. The key to being an online sensation is to be yourself and offer something different to people – something that people will find helpful and useful.
If you are a wizard in a specific school subject, why not help other students learn the subject too? Many students struggle and you can become a tutor and choose to tutor any age group that you feel comfortable with. The most popular tutoring classes include math, science, and foreign language.
The best part about tutoring is you can set your hourly wage and choose how many people to tutor throughout the summer. You can even offer online sessions or in-person sessions depending on your level of comfort and how you plan to run your small operation.
If you are looking for ways to pay off your student loan debt, the above six ways are all great for your summer break. You can enter each of these fields with little to moderate experience and succeed in the short time that you will be doing it. Remember, any and all extra cash will help pay off your student loans that much more quickly.
Author: Jeff Gitlen
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