According to a 2013 survey by Citigroup and Seventeen magazine, nearly four out of five U.S. students work an average of 19 hours a week (vs. the recommended 10-15 hours a week) while attending school. Two thirds, according to the American Council for Education (ACE), are doing it to pay for college-related expenses, like tuition and textbooks.
Money-related issues top their list of major concerns; 61 percent think college life is more expensive than they expected.
Meanwhile, a Gates Foundation/Public Agenda study found that 71% of students had to withdraw from college because they had to work. 63% of them said that work stress interfered with their ability to complete college.
It’s an unfortunate reality that college students, even with their financial aids, scholarships, and parental contributions, are struggling so much to get their degrees.
However, the good news is that the majority of students are using a variety of ways to cut costs: using student discounts (95%), buying used books (94%), grocery shopping instead of eating out (88%), using online coupons/discounts (81%), sharing housing (76%), walking/biking vs. using a car (72%), renting textbooks (72%), and working longer hours to make ends meet (71%).
This shows just how dedicated and committed students are in pursuing education.
So this Labor Day, let’s remember, recognize, and reward the (hard-)working students by giving them all the help and resources they need.
➢ The University Network is an advocate for college students & aims to help them save in every possible way.