Some solutions to ease financial burden of college students.

Because inflation is an external factor that university students can’t eliminate or

avoid, they should proactively find solutions from their own selves to adapt to the
situation.
The first solution is creating a budget and financial plan.
- College expenses can add up quickly. Without financial plans, students may
overspend and even accumulate debt through credit cards and loans.
- Nowadays, college students can easily access to various tools for financial
management. For example, budgeting apps like Mint or YNAB can help students
track expenses, set financial goals, and get a clear overview of their financial
situation.
The second one is finding part-time employment.
- As I did research, a normal student in Vietnam can earn from 1 to 3 million VND
per month from their part-time jobs such as tutor, waiter, staff, etc… These
income accounts allow them to cover expenses such as food, rent, or even tuition
fees.
- However, going for a part-time job has its own challenges in my opinion.
So my advice is that before applying for a part-time job, students should make
sure that they can handle the double pressure compared to studying only.
For the last one, we urgently need a change in government’s financial aid
and scholarship policies of universities.
- The government can mobilize other organizations to participate in the student
support fund. The model of lending with 0% interest for students at Vietnam
National University of Hanoi by the United Overseas Bank, is an evidence of this.
- Currently, many universities still maintain scholarship levels as they were several
years ago, while tuition fees have increased by 1.5 to 2 times. I believe that when
tuition fees rise significantly, universities also need to increase the scholarship
amounts to help students alleviate /əˈliːvieɪt/ their financial burden.