Credit Card Center Advertiser Disclosure

Posts: 17,531
Registered: ‎12-30-2011

Re: "High" Income In College

[ Edited ]

chris6291 wrote:

Well I easily make 25k working PART-TIME (28-34 hrs/wk) and going to college working at a pharmacy.


So I'm thinking if you can work full time and attend college full time as well, 40k is definitely possible. Of course, being claimed as a dependant, making 40k and going to college will make you pay uncle Sam extra taxes for sure. So it's actually not convenient if your parent's claim you.


My income tax return at 25k/year is $20-30 if I'm lucky since my parents still claim me as a dependent (they do provide support).


Of course, none of these incomes are actually "high." However, compared to other college students who make the minimum wage and work 8 hours per week, we are "well off."


It's like, instead of cheap ramen noodles, we eat the expensive ramen noodles!





P.S. I go to Tech in LBB. So it's really not that much of a difference between anywhere in Oklahoma and LBB.

Worked full time at Dell back in the day when I was taking 17 semester hours to try to keep from being kicked out of UT-Austin.  


Things didn't go well even with racking up solid grades (one EE class was self-paced, did the entire darned course in two days and took the final the next day), and I quit right after that semester.  I also was working full time taking 2-3 classes per quarter at UCLA later in life, that went better, but if you have a demanding job it's still incredibly awkward, especially if you're taking a non-trivial major once you hit upper division.


It's possible to do, but it's a really, really hard road and frankly I think you miss out on too much in college to justify it.  There's plenty of time to be making real income later.


Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)

Take the myFICO Fitness Challenge
Super Contributor
Posts: 6,236
Registered: ‎02-23-2011

Re: "High" Income In College

Revelate wrote:

It's possible to do, but it's a really, really hard road and frankly I think you miss out on too much in college to justify it.  There's plenty of time to be making real income later.




In my view, much better to study, meet people, and enjoy the college experience.  Make the best of it, and hopefully you'll form friendships that will last a lifetime.  Whatever money you make in college (unless you're Bill Gates) will paie in comparison to the real money you will make once you leave.  


Anything you make in college will be a mere pittance compared to the day you hit your stride in your chosen profession.  

Established Contributor
Posts: 505
Registered: ‎10-08-2011

Re: "High" Income In College

[ Edited ]

I worked 40+ hours a week while attending class prt time early in my undergrad career. I like how it forced me to learn how to more effectively manage my time, but given how I dropped from a solid 4.0 to a soul-crushing 2.7 over the span of three semesters, I ultimately regret doing it. $16000 in poverty wages was not worth the GPA hit.


Focus on your studies and save the real money grinding for after graduation.


But as for the original thread topic, that $16000 I made slinging pizzas plus all of my financial aid returns easily pushed me north of $30k/yr (only $26000 if I only counted grants). Did that qualify me as "high income"? Debateable... But given that I had a clean credit file back then (albeit thin) I probably could have qualified for any number of top tier cards.


Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.