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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.

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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.

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