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5 ways to make extra money as a student
By Chloe Lane
Updated May 12, 2022 Updated May 12, 2022Sponsored by Superprof
With tuition fees, accommodation costs, textbooks and activity costs, student life doesn’t come cheap. With so many expenses, you might find yourself in need of some extra money.
If you find yourself short on cash, here are five easy ways to make some extra money as a student.
Become a private tutor
Working as a private tutor is a great opportunity to share your interests and earn money on the side. An entirely flexible way to work, tutoring allows you to choose to work either online or in-person, set your own hours and choose who you tutor.
Becoming a private tutor couldn’t be easier with Superprof. It’s free to create a teaching advert on the website and you can set your own teaching conditions, schedule and fees. By becoming a private tutor on Superprof, you will be joining a community of more than seven million teachers, coaches, mentors and artists around the world.
The best part? You can also choose how much you get paid. What you'll earn will vary depending on the fees you decide to set. Superprof tutors typically charge between £10 and £200 per hour depending on experience.
Sell your old textbooks online
Most students have dozens of old textbooks lying around at home gathering dust. Why not sell them on and earn a bit of extra money?
There are several easy ways to do this. You could either sell them through a website like Ebay or Amazon; contact relevant student groups directly on Facebook, or even sell them back to your university bookstore.
Take part in market research projects
If you enjoy voicing your opinion and are looking to earn some extra cash, taking part in market research focus groups and online surveys might be a good option for you.
Online surveys
To start making money from paid online surveys, all you need to do is sign up for market research focus groups and wait for them to email you surveys.
These survey groups usually operate on a points system, where the points you earn from completing survey will translate into cash or vouchers. According to Money Saving Expert, you could earn between £200 and £800 per year.
Focus groups
Focus groups typically pay more per session than online surveys, but you may have to attend them in person. Focus groups will ask your opinion about a particular product or marketing campaign. They will typically pay you between £40 and £250 per session.
Secure an internship
Internships are a great way to stand out in a competitive job market once you graduate. You will improve your employment prospects, improve your network connections and build up a host of transferrable skills. They can also be a good way to earn money.
Although internships typically only last around 3 to 12 weeks, they can pay quite well. Glassdoor estimates that on average, students can earn the equivalent of a £33,000 annual salary during an internship.
Work on campus
There are many advantages to getting a part-time job on-campus. You will be working close to your lectures, you'll meet loads of new people and most universities offer extremely flexible contracts to enable you to work around your studies.
There are plenty of roles available to students who want to work on campus; from hospitality to retail to student ambassador work. These roles typically pay minimum wage, although they can be a flexible way to earn money while studying.
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Earn money on your own terms by becoming a private tutor for Superprof. Join a community of passionate individuals sharing their skills in more than 1000 subjects and teach students from more than 27 countries from the comfort of your own home.
This article was originally published in March 2022 . It was last updated in May 2022
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As Content Editor for TopUniversities.com and TopMBA.com, Chloe creates and publishes a wide range of articles for universities and business schools across the world. Chloe has a Bachelor’s degree in Economics from the University of Reading and grew up in Leicestershire, UK.
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