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re: Why Summer jobs don't pay for school
Posted on 7/26/16 at 3:04 pm to Martini
Posted on 7/26/16 at 3:04 pm to Martini
It's definitely a good read. While not impossible to do, it has become far far far more difficult.
Imagine tuition and fees is 10k/semester, not uncommon at all outside of Louisiana.
$9/hr, a little more than minumum wage working 40 hrs/week between semesters and 20 hrs/week during semesters. Approximately 35 weeks of the year are during the semester and 17 weeks of summer and winter break.
Add that up, and it's a total of 1,380 hours available to work during the year. At $9/hour, a little more than minimum wage, that equals $12,420 before taxes, rent, food, insurance, or other bills. Withholdings and income taxes likely drop that under 10k real fast.
As you can see, that barely, if even, covers one semester's tuition, yet alone living expenses or books or anything else. College students are screwed.
Imagine tuition and fees is 10k/semester, not uncommon at all outside of Louisiana.
$9/hr, a little more than minumum wage working 40 hrs/week between semesters and 20 hrs/week during semesters. Approximately 35 weeks of the year are during the semester and 17 weeks of summer and winter break.
Add that up, and it's a total of 1,380 hours available to work during the year. At $9/hour, a little more than minimum wage, that equals $12,420 before taxes, rent, food, insurance, or other bills. Withholdings and income taxes likely drop that under 10k real fast.
As you can see, that barely, if even, covers one semester's tuition, yet alone living expenses or books or anything else. College students are screwed.
This post was edited on 7/26/16 at 3:10 pm
1
Posted on 7/26/16 at 3:09 pm to kingbob
quote:
As you can see, that barely, if even, covers one semester's tuition, yet alone living expenses or books or anything else. College students are screwed.
while I agree with you, that they are screwed - i routinely worked more than 40 hours a week for 3 years of college. I still had a social life and graduated with a 3.9. It can be done, it just takes discipline.
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