If you just got a tutoring part-time job as a college student and you’ve been wondering how much to charge for tutoring, this is for you.
Every smart thinking college student always finds a way to make some cash for him or herself at their level. Therefore, becoming a tutor is a great way to earn some extra part-time cash as a college student.
In this article, you’ll find out how much a college student should charge for tutoring and a lot more.
Can I Be A Tutor As A College Student?
Of course, you can. Tutoring is flexible work that you can fit around your studies.
Working through college won’t cater to all your expenses as a college student, however, it will only reduce the debt burden and give you a sense of comfort.
According to a study from Georgetown University’s Center on Education and the Workforce, over the past 25 years, more than 70 percent of college students have worked while attending school. And the number has continued to grow with the increasing rate of college enrollment and tuition.
Not every college student can pass as a tutor, however, the ones who do greatly benefit from the hourly pay.
Tutoring jobs for college students can be found in various places and through various means such as; peer tutoring programs at the university, at private firms, or even remotely, in online formats. Nonetheless, being a tutor is a financial delight.
How Much Should A College Student Charge for Tutoring?
Most tutoring charges come per hour, so as a college student, plan to charge between $25 and $75 per hour.
Furthermore, your charges must align with the following factors; the multiplicity of the task, the grade level of your student, your education level, your overall experience as a tutor, and the people you’re working with.
With that being said, let’s go further to show you how to reach a tutoring agreement.
How To Reach A Tutoring Agreement
In most cases, when a college student tutor lets out his or her price, clients normally try to negotiate your price down. In such cases, what should be the right approach? back down or convincingly stick to your rate? We’ll find out.
Here are my tips to help you negotiate the hourly rate you want.
Tip #1 – Know Your Worth
Knowing your worth is one firm way to know how to establish yourself and market your value. Knowing your worth will help you set a price target for yourself and know how to make the right choices. Don’t be carried away by the job title, ‘tutor’, think more of the value you possess and willing to share.
Tip #2 – Price Yourself High
Before you head into the negotiation room, set your price slightly above your desired hourly rate so that any form of reduction in the course of the negotiation won’t go below your benchmark.
In other words, set your starting rate 10-15% above what you want to charge. That way, if you have to go down on your price, you will still make a reasonable rate.
#3 – Know when to leave the negotiation table
Knowing when it’s a terrible deal and how to get off the table is the key to any negotiation. When you notice that the client is trying to go beyond your set price, you might have to take a walk.
This is because, once you settle for less, it might turn the new normal, hence your value reduced.
Therefore, don’t let a client cajole you into settling for a price below what you’ve set out for otherwise, it will reduce your value as an excellent tutor.
Tip #4 – Don’t Argue
In the negotiation table, try as much as you can not to argue, rather seek clarification. This will only help you put your points straight and appear focused and knowledgeable.
More so, emphasize the point that what matters most is the genuine success of the student which you are willing to offer and not the financial rewards. At that point, you’ll score a pleasing point in the client’s heart, trust me.
Tip #5 Consider the nature of the job and its involvements
This is mostly done before arriving at a set price. It entails you consider the number of hours per day to be spent tutoring, the number of subjects or courses to be taught, materials needed, the distance and cost of transportation and all other things you feel should be considered. Ideally, these considerations helps you arrive at a certain price.
Important costs to consider before arriving at a tutoring fee
Before settling for a particular price, there are other important costs you need to consider. These other involvements will help you know how to arrive at a particular price and also set a budget for yourself.
The costs to be considered are;
Travel time and expenses
This will greatly depend on your location and distance to the work place.
If the job demands you drive on average anywhere from 20 minutes to 1 hour, round trip, for each 1-hour tutoring session. This means a 1-hour session actually requires 1.5 hours of your time. So if you want to make $20/hr of your actual time spent, you better charge $30 for that 1-hour session in view of the distance to the job place.
More so, you also need to put the cost of fuel and mileage into consideration: if you don’t have a car, the bus fare is there. Assuming it takes about $5 to fuel your car or whatever means you use to get there, you have to add it to your existing $30/hr making it $35/hr.
It’s fascinating to note that mileage is tax-deductible at about 55 cents per mile, a number which is meant to be an estimation of the true cost per mile.
Tutoring sessions require more than a student’s school textbook and homework sheets. This is because there’ll always be a need to make references from other materials for clearer understanding. It is quite acceptable to ask the parent to purchase these materials on their own.
However, it may be essential for you to have your own copy of whatever material is purchased for future references when handling other students.
Having an impromptu assignment outside the agreed schedule isn’t part of the direct cost and attach it in the way of compensation. This kind of volatility demands additional compensation.
It’s also reasonable to establish a cancellation policy. You don’t have to enforce it for every violation, but you’ll be glad you started it when you come across a constant offender.
Becoming a tutor is a great way to earn some extra part-time cash as a college student. I believe this article will help you know how much you can charge for tutoring also things to consider when negotiating.