johnqwertyful said:
Ahaha, are you serious?
http://www.fullerton.edu/financialaid/appinfo/cost.htm
Undergraduate Living in Dorm
$24,742
divided by $8/hour
3093 hours
divided by 365 days/year
That's 8.5 hours a day, every day, no breaks, BEFORE taxes. That's working MORE than full time. If you take home 65%, that's $5.20/hour
24742/5.2=4758 hours, or 13 hours a day, every day.
Granted, there IS financial aid out there, but that only helps so much...
Well, here's my take on how it works, if you're interested.
First off, you should be able to cut those costs down. If money is tight, shop around for the right undergraduate bang for your buck. Many students will do their first 2 years at a community college. Factor in cost of living in the particular city too. $12000 a year for room and board seems pretty steep to me. If that's for an 8 month academic year I could make my mortgage payments and have $200 a month left over for food!
Second, ideally you should be working full-time over the summers. Don't start looking in April/May. Try to set something up as early as the previous September. And only accept minimum wage as a last resort or as a stepping stone position (such as research position, or something that's going to lead to a much better wage the following year, or experience that's going to get your foot in the door for a full-time career position).
Third, balance that out with part-time work over the year. About 6-12 hours per week is reasonable with a full course load.
That's probably not going to get you into the black, but it's a heck of a lot less red than people often complain about.
On top of that I recommend looking for scholarships where ever you can find them. In my experience, you are NOT automatically considered for everything you are eligible for just by enrolling in a school and even those $500 bursaries can add up.
Depending on where you're at, I also recommend starting to save early. I had a job when I was 15 years old and a substantial part of what I made went into the bank for university. I'm always surprised at the number of students who don't do this. Another option along these lines is just working full-time for a year after high school.
Finally be very conscious of the amount of money you borrow and make sure you understand the rules for paying it back. Some students look at those figures you've listed and feel they need that full $24k on the first day of school. Don't borrow until you've exhausted all other avenues.