The Summer Job Search

summer job searchThe multi-month break that is summer vacation is nothing short of perfect in the eyes of a student who’s been plugging away for a full academic year, and lazing around for the entirety of your time off seems great. But as fun as it is, killing whole afternoons all summer long on the couch, in front of the computer, or outside in the sun is a waste of your time. There’s money to be made, and if you don’t have a summer job now, you’ll find yourself wishing you did a short ways down the road. Having a summer job may seem like a chore to some of you, but the benefits of working during your summer vacation are huge.

Building Your Resume

Getting a job now makes getting one in the future easier. Build your resume with a summer job, even if it’s waiting tables or lifeguarding. A future employer will be glad to see prior work experience on your resume, and you will become a more attractive candidate for the job. Get out and see what the job market is like, and gain some work experience.

When you start working, you begin building your network of personal contacts. Employers and co-workers will be added to your network, which will develop over the course of your work experience. The individuals whom you have connections with will become valuable assets to you throughout your professional life, and effective networking will help you to find jobs in the future. Having a well-developed professional network and being able to network effectively is a skill that will serve you well throughout your life, and it’s something that you can start with a summer job.

A Word of Financial Aid Warning

Making money over the summer is great, and it will be a big help to you when it comes to paying off college costs. However, if you rake in too much, your earnings can impact your financial aid award. You can make about $4,000 per year without a significant effect on your financial aid eligibility, not including any income from a work study program. Once you cross the $4k threshold, your expected family contribution (EFC) will be increased by as much as 50% of every dollar above that amount. Having an income as a student is very helpful, but you’ve got to recognize its potentially negative impact on your financial aid eligibility.

Filling the Financial Gap

Odds are you won’t be able to cover the entire balance of the student loans you may need with a summer job, but making a dent in the figure is important. If you’re looking for money to fill that gap, check out SimpleTuition’s Loan Comparison Tool to compare and apply for private student loans from top lenders. Be sure to check back with the site for any financial aid information you need throughout your paying-for-college process.

 

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