So this question is one that has been plaguing my sleep for many months now. I will start student teaching next fall and i am starting to wonder how to pay for it all. I am talking about how to pay for rent, food, other living expenses if i am working a volunteer job that does not pay me.
So how do independent students do it? i know a majority of the students who student teach, live with their parents but if my parents are not alive then how do i pay for everything? A weekend job is not going to cover all of my expenses.
Can someone take out a personal loan of say 5,000 dollars to pay for personal expenses?
...See MoreI student taught 2 years ago without working, and it wasn't easy. My program required a year's worth of student teaching, and I didn't work during the entire time. I lived with my parents, which helped a lot, but I paid for all of my expenses except paying for rent (since I didn't have any rent to pay). Here are some tips to help you out:
1. Work as much as you can from now until when you start to student teach. If you can manage to find a 2nd job to make more money, do it. If you don't already have a job, start applying NOW. Don't wait until your semester is over to start looking for summer work.
2. Save as much money as you possibly can. Start this RIGHT NOW! When friends call and ask if you want to go out, see if you can do something cheaper. Since it's starting to get nice outside, do outdoor activities. Go on hikes in local parks, bike rides, rollerblade, etc. Don't spend money by going out to eat. Cook meals at home. You can find some easy recipes on Kraft.com. If you're getting together with friends, you could each bring a dish to share for dinner, save money, and still be able to enjoy each other's company. Also, do Google searches for online coupons for food and clothes. Use coupons everywhere! It doesn't make you look cheap, it makes you look smart for saving your money.
3. If you don't have a roommate, see if you can find one. Also, if your lease is going to expire, look for a cheaper (but still safe) place to live.
4. Really look at where you spend your money and put yourself on a budget. This will help you cut out unnecessary expenses and save money in the long term.
5. Use your library. Instead of buying books from a bookstore, check them out from the library. Also, many libraries allow you to rent DVD's for free.
6. You'll probably need to buy more professional clothes for student teaching. Look for sales at various stores, and don't think you need to shop at the pricey stores. Kohl's has good clothes for work and they have wonderful sales. JCPenny also has good work clothes and good sales. Old Navy usually has good prices on casual clothes. Learn to shop the sales!
7. If you don't receive Financial Aid already, see if you qualify. Talk to your Financial Aid office at your university.
Good luck, and remember, the sooner you start saving money, the more money you will have for the time when you are student teaching!
I have to agree with the post by Pam. Saving as much as you can now is key. I also will be starting my student teaching this Fall. I won't be able to work for the entire year because the program incoporates student teaching and master's courses. I'm an independent student as well, so I pay my own rent, utilities, car, etc. I'm a bit worried on how I'll make it during this whole experience, but I've been saving like crazy. I've really cut back on going out with friends and eating out. Instead I have my friends over and we make it a pot luck so each person brings a dish. They all know why I'm being frugal so they understand and respect my new lifestyle. I'm sure your friends will too. On days when I feel like I really need to go out I "only" go to happy hours. You get a real bang for your buck. I don't know if this is an option for you, but student loans are WAY better than personal loans. For starters student loans have a lower interest rate then some personal loans and you get 10-25 years to pay it back. Keep in mind the government's new IBR (Income Based Repayment). Its a student loan repayment plan that forgives the loan of teachers and other public service workers after they've paid on their student loan for 10 years (120 payments). I hope this helps, you can do it!
On 3/28/10, Logistics wrote: > So this question is one that has been plaguing my sleep for > many months now. I will start student teaching next fall > and i am starting to wonder how to pay for it all. I am > talking about how to pay for rent, food, other living > expenses if i am working a volunteer job that does not pay > me. > > So how do independent students do it? i know a majority of > the students who student teach, live with their parents but > if my parents are not alive then how do i pay for > everything? A weekend job is not going to cover all of my > expenses. > > Can someone take out a personal loan of say 5,000 dollars > to pay for personal expenses? > > Thanks all, Rachel
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