Unusual Ways to Fund your College Years

As we already know, the usual ways of funding college education include state sponsorship or local education council funding, scholarships, bursaries, fee-waivers and if you are lucky, parental support.

Unusual and novel ways of paying for your college are unraveling by the day. Ordinarily, working part-time is considered a common and a well-worn pathway for paying your way into college. However, with more students having to pay their way through college student-to-student managed agencies for prospective part-time work are the latest means of funding college education.

A friend of mine became an ‘agency’ for jobs by creating his website, where students looking for work entered their details, and the jobs they preferred. He sent these details to prospective employers he had links with. It worked superbly for him because all he needed to do was look for workers, and the prospective employers contacted the students themselves. He was paid a commission per student employed, and as long as they were in employment, his commission continued.

Another unusual way of funding college education is working for your parents. I know this may sound crazy, but a number of parents who run well established firms or family businesses face the dilemma of working hard to keep their family businesses, or having to sell off shares or the entire set-up because their offspring may not be interested in it altogether.

They therefore offer their children jobs, at mid or management level for a salary, which goes to pay for their college education. This helps in two ways: the parents benefit in that they do not have to get someone else to do the job at an extra fee, and still carry the burden of paying for their children’s education. On the other hand, the offspring feels not only motivated to work, because this is the source of their income, but also suffer no guilt pangs for having to ask their parents for money every so often.

Finally, one may still afford the high costs of college education by offering grooming services. My wife financed part of her college years by offering hair braiding services to other female students. Her clientele were mostly African students, but being an accomplished hair stylist, her services were very popular across the racial borders. Soon she had to look not only for an extra room (her study room could only take in three clients at a time), but also engage the services of two other girls she had trained. With time, money was not a big problem, but how to balance her studies with the now regular supply of clients.