Answers:
Don't do it! Unless you store it as cash, so you don't have to claim it as an asset.
You might think I'm crazy, but having that savings while you apply lowers your chances of a grant and aid help.
Other's can flag this advice or whatever you want, but from applying to colleges the past year I've learned that income and assets have a huge affect on aid.
But if you really want to do it: It's actually doable.
Go get a part time job. Save up some.
Jobs that are a little better off then your run of the mill jobs:
If you can get a front desk job in a business setting -which doesn't really require any prelearned skills- it's good income for no GED because of raises, vaca coverage, etc if you work there long enough.
Otherwise try to find a sales job at a store where you like the clothes so you get a discount as well. Also one that pays bonus on commisson, which would rock.
Otherwise apply for a job at a very high class restaurant-the tips can be completely awesome!
Do this for a full year, then learn to invest in stocks-if you really can't put that bank money into a cd or mutual fund. The bank will explain things for you when the time comes, or just search around online. You can earn a couple hundred for just letting the money sit in one.
Now you have to do the little things- things that seem pointless but add up here and there and eventually save up some big $$ when all put together.
If you drink bottled water, cans etc, save all of it. throw it downstairs in huge garbage bags or in the backyard-and if you have neighbors tell them they can throw their cans and bottles into your backyard(if you have one) because you're saving up to recycle. Go the turn the bottles in every month or two. If I do this every month I can usually make $40 at least. $40 x12 months=$480 per year. $480 x 3 years = an extra 1440. It all adds up! which is why you have to think LONG TERM, don't get discouraged. You're on a three year plan after all.
Offering tutoring/baby sitting service to neighbors. One hour of tutoring a week at $10 an hour equates to $520 a year and after three years that $1560 for that one hour alone.
Offer to do odd jobs.
If you like going out to eat with your friends (what teenager doesn't?) try to go to places that have two for one deals-look online- and split the cost with a friend.
If you shop online, check for coupon codes, or ebate. c o m first, to see if you can save money.
Sign up to sell magazine subscriptions, or even become something like a mark sales rep (sort of the teenage version of avon). You can do this randomly on the side.
Start applying for scholarships NOW. Any and all that you qualify for. Go to Borders and find their scholarship books and leaf through them, copying the ones that you can apply for. Also writing contests- anything of the sort- there are tons available for high school students.
At the end of those three years have a big garage sale (hey, you are going off to college anyway) and you'll probably make around $100.
Remember it's the little things! if you're serious about this, then really try and do all these things. Hopes this helps you!
Most people do this through loans- no one expects you to have all 65K now or when you start school. Scholarships and grants will help. If you really want to help, the best thing you can do is get as good of grades as possible and get a full or partial scholarship. Also, if you parents combined make less than 40K Harvard will pay for your full cost of tuition so you should look into that.
There are no really "high paying" jobs for the unskilled - and your real job is going to school and making great grads and doing well on your SAT or ACT. Combine these goals with a well rounded, community service oriented lifestyle, and there will be scholorships, grants and whatever when it comes time. For everything else - there are loans.
If you're intent on saving money, then save everything you make from odd jobs - babysit, lawn work, snow removal, whatever - there are always odd jobs out there.
added: mirror in the sky is right - if the money is in the bank, the amount you are eligible for in financial aid goes down.
You're so smart. I've occured $60,000 in student loans myself. My parents didn't have a lot of extra money to pay for my school, yet they made too much money for me to qualify for any real fin. aid.
I would just save money in CD at the bank. Set up for the funds to be available when you need them. Every month/week deposit a certain amount of money into the account. CD's incure nice interest. You might not make 65K, but you will earn something to put towards your education.
I'm the first person to go to college in my family. No one in my family knew exactly how expensive college was until I finished.
This article contents is post by this website user, EduQnA.com doesn't promise its accuracy.
More Questions & Answers...