10 months ago
The global private tutoring market is expected to reach $177.6 million in value by 2026 driven by increasing competition for college admissions and improved incomes of parents. For college enrollees who wish to supplement their income, tutoring is a viable option that benefits both students and tutors. Going to college costs money, and students who get a degree would have accumulated an average of $28,650 in loan debts that need to be paid or forgiven at some point. Tutoring is one of the ways to cope financially, helping pay for tuition, books, and cost of living.
How and Where to Tutor?
There are several reasons why any student might need tutoring services. Kids may have a chronic condition and miss school for longer periods. Others may simply fall behind and need a boost to catch up with the rest while some parents want their children to stay ahead of the pack. In college, things may not seem as easy as high school and therefore, tutoring services might be sought.
To become a tutor, it is essential that you must be at least a high school graduate or have a bachelor degree, especially if you intend to tutor college students. Check the requirements of each state to ensure that you are complying with regulations as some require tutoring training, education, and certification if working in a classroom. You can either tutor at the home of a student or do online coaching.
How Much You Can Earn
The median rate for a private tutor in the US is $17.53 according to Chron. In the UK, a tutor can earn as much as £25-£35 pounds per hour depending on their geographical location, experience, and subject specialization.
If you have a degree already, your fees might be higher. Also, it is possible to set your own rate and there are people willing to pay this amount especially if you are tutoring in difficult subjects such as mathematics, physics, chemistry or other sciences. Online rates depend on the platform where you are working. Bear in mind that the company will likely charge administrative fees and therefore, your take-home pay is lower.
Benefits of Tutoring
Tutoring is a win-win situation for everyone. As a tutor, you will earn additional income to support yourself. The advantage of tutoring is that it is often on a part-time basis so your schedule is flexible depending on your course load and availability. You can work as much or as little as you want. It is also like studying because you need to prepare for a session. Therefore, if you’re teaching math, you might have to refresh your memory of certain concepts. If you want to be an effective tutor, you might even take courses on teaching methods.
Students who receive your help also benefit from the arrangement. Studies show that those who get extra academic support are more likely to pass their courses and stay enrolled, according to a 2013 research by Casazza and Silverman. Tutoring also improves self-confidence among tutees. A University of Iowa study indicated that self-confidence can influence academic performance by as much as 12%.
Tutoring is an activity that you can easily do inside or outside of the home. By providing a service, you earn extra money that you can use to support college expenses. In addition, you get to study or refresh your knowledge and help students succeed in school.
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