Skip to playerSkip to main contentSkip to footer
Pennygem
  • 11/18/2024
The price of a college education keeps rising, while minimum wage and the amount of hours in a day don’t. Here’s how many hours a week a student would have to work to cover their tuition and other fees. PennyGem’s Johana Restrepo has more.

Category

📚
Learning
Transcript
00:00The price of a college education keeps rising, while minimum wage and the amount of hours
00:08in a day don't.
00:10According to NerdWallet, while working part-time during school does help, it doesn't eliminate
00:15student debt because students expect to owe about $30,000 or more.
00:20This means that a student making minimum wage would have to work 52 hours a week every week
00:26to cover the cost of attendance for one year at a four-year public school.
00:31For students, this is completely unrealistic because full-time students spend up to 45
00:37hours a week on classes and school assignments.
00:40The Simple Dollar recommends saving as much as you can before college and choosing an
00:45affordable school.
00:47Take two years of school at a community college and transfer to another school to save.
00:52You should also fill out a FAFSA, apply for scholarships, search for grants, and borrow
00:57federal loans first because private loans usually charge more interest.

Recommended

1:12
Up next
College May Be Less Expensive Than You Think
Pennygem
6/8/2022
1:06
How Much Is Too Much Spending Money To Give To Your College Student Kids?
Pennygem
4/2/2024
2:00
University fees in England rise for the first time in 8 years: What does it mean for prospective students?
National World - LocalTV
11/14/2024
1:00
National Apprenticeship Week- University vs Apprenticeship
National World - LocalTV
2/10/2025
2:21
Wait, How Much Does It Cost To Attend Horton University?!?!
Cracked
2/28/2025
0:35
How to Store Onions in Pantyhose
Southern Living
3 days ago
0:39
How to Make Pontoon Dip
Southern Living
4 days ago
0:40
Retta Tries Pineapple Fluff
Southern Living
5 days ago
1:03
Should You Get That Joint Credit Card With Your Spouse?
Pennygem
4 days ago
1:00
Pay Attention to These Mistakes You Might Be Making on Video Calls
Pennygem
5 days ago
1:15
Stop Car Crime in Its Tracks With These Helpful Tips That Do Not Cost a lot of Money
Pennygem
6/23/2025
0:57
The Smart Way to Handle That Bonus Paycheck.mp4
Pennygem
6/20/2025
1:00
The Most Common Video Call Mistakes—And How to Avoid Them.mp4
Pennygem
6/17/2025
0:48
The Best Strategy for Retirees to Combat Loneliness.mp4
Pennygem
6/16/2025
1:00
Saving for a Down Payment Is Hard — But It’s Crucial
Pennygem
6/9/2025
1:12
These Are the Alternatives to Owning a Home That Everyone Should Consider
Pennygem
6/6/2025
1:22
Be Careful Financially If You Want to Install a Pool This Summer
Pennygem
6/5/2025
1:12
Should You Retire Or Actually Start Working Again?
Pennygem
6/4/2025
1:09
Why Did These Things That Used to Be Free Cost Us A Lot of Money Now
Pennygem
6/3/2025
1:09
If You’ve Been Laid Off, Use That Time to Learn New Skills
Pennygem
6/2/2025
1:04
If You’re The Friend With Less Money, Here’s How to Have Those Conversations
Pennygem
6/2/2025
1:15
Know If Your Home Office Is Tax Deductible
Pennygem
5/30/2025
1:23
Why You Should Start Saving Money at an Even Earlier Age
Pennygem
5/30/2025
0:57
The Wealthiest People Have Certain Ways They Save Money
Pennygem
5/28/2025
1:08
These Expenses Are Traps That Cost People Thousands of Dollars Each Year
Pennygem
5/28/2025