As a PhD student, you already have a lot on your plate – from coursework and research to attending conferences and seminars. But with the ever-rising cost of living and tuition fees, most students find themselves struggling to make ends meet. Fortunately, there are plenty of ways to earn some extra cash while studying for your PhD. In this article, we will explore some proven tips for making money as a PhD student.
1. Apply for Grants and Scholarships
There are several grants and scholarships available for PhD students from different sources. Some universities offer funding opportunities to students who are conducting research in specific areas. Other organizations such as the National Science Foundation and NASA provide funding opportunities for those researching in scientific and technological fields. It is advisable to visit your university’s financial aid office regularly to learn about any relevant grants or scholarships that come up.
2. Tutoring and Teaching Assistant Roles
Tutoring fellow students can be a great way to earn extra money if you excel in certain subjects. You can also join the teaching assistant (TA) program at your university or college. In the TA role, you will assist professors in grading assignments, conducting labs, and guiding discussions. Additionally, you may be required to teach some classes or workshops on specific topics, and you’ll get paid for it.
3. Freelancing Gigs
If you have any writing or editing skills, you can make use of them by offering your services as a freelancer. Several platforms such as Upwork, Fiverr, and Freelance Writing offer freelance gigs for academic writers, editors, and proofreaders. You can also consider writing blogs or contributing articles to academic journals or reputable websites.
4. Participating in Online Surveys
Another source of earning quick cash is by participating in online surveys. Several websites such as Swagbucks and Survey Junkie reimburse individuals for answering surveys and expressing their opinions on different topics. This option may not generate a significant amount of money, but it is an easy way to earn some pocket money or gift cards.
5. Sell Your Old Textbooks
If you have old textbooks collecting dust in your room, you can sell them online and get some extra cash. There are several websites such as Amazon and Chegg that buy and sell second-hand textbooks. By selling those books, you not only get extra money, but also declutter your study space.
6. Sell Your Skills
As a PhD student, there are high chances you possess skills such as data analysis, research skills, transcribing, proofreading, and writing, among others. You can sell these skills online for a fee by advertising yourself through social media platforms such as LinkedIn, Twitter, or Instagram. You can also reach out to clients directly through job portals such as Indeed, Glassdoor, or LinkedIn jobs.
7. Join Paid Studies
Several universities conduct paid studies, and they often require the participation of students. Participating in these studies is an excellent opportunity to earn some extra money and gain research experience at the same time. You can sign up for weekly notifications from your university’s research center or keep an eye on posters around campus.
8. Make Use of Social Media
Social media platforms such as YouTube, Tiktok, and Instagram offer an opportunity to make money. If you have a talent such as cooking, singing, or playing a musical instrument, you can create short clips and share them on these platforms. Once you have enough followers/subscribers, you can apply for monetization, and once approved, you’ll earn money from ads.
9. Sell Digital Products
If you have graphic design skills or make digital products like photos, videos, or music, you can sell them online. Websites such as Shutterstock allow you to upload your work and earn royalties every time someone downloads or uses them. Furthermore, if you create pdfs, ebooks, or other educational resources, you can sell them on platforms like Gumroad for passive income.
In conclusion, being a broke PhD student does not have to be the norm. With a little creativity and effort, you can make some extra cash while still studying for your degree. Remember to prioritize your coursework and research responsibilities and only take up these opportunities if you can manage to balance them with your academic work. By following these tips, you can pave the way to a more financially stable life as a PhD student.