College Students Driving for Uber: What You Should Know Before You Start
Start writing a post
Lifestyle

College Students Driving for Uber: What You Should Know Before You Start

Driving for a ride-share app sounds like a straightforward way to make some extra money, but there are a few things you should know first.

270
College Students Driving for Uber: What You Should Know Before You Start

University students famously don't have enough of two things — time and money. You might have an awkward class schedule that prevents you from getting a part-time job at a restaurant or retail shop near your campus.

That's why many college students start driving for Uber. This guide explains what you should know before you start so you'll understand if it's the right job for you.

1. You'll Control Your Schedule

You can't work a closing shift at a restaurant with night classes or become a bartender if you're only free in the mornings. Uber lets you control your schedule, so you can jump behind the wheel and start making money whenever you have a free hour or two.

You don't have to commit to a specific number of hours every week either, which takes away one of the most significant pressures of a traditional job.

2. You'll Have to Save for Taxes

Uber drivers are independent contractors. You won't get a W2 every year that tracks how much you paid in taxes because Uber doesn't withdraw taxes before paying their drivers.

Instead, you should plan to set aside 30% of each paycheck for quarterly tax payments to the Internal Revenue Service (IRS) and your state's department of revenue.

3. You'll Need Health Insurance

A lot of traditional employees get health insurance from their employer, but independent contractors have to find it through the open marketplace. You could qualify for federal coverage like COBRA or the Affordable Care Act, depending on the state you live in, your situation and income.

See which options have monthly premiums that match your budget so you're not on your own if you need medical attention.

4. You'll Have to Pass the Age Requirements

Uber doesn't let just anyone become a driver. The company wants people who have experience and who know what they're doing. You'll need three years of driving experience if you're younger than 23, and you have to be at least 21 to drive.

Make sure you also obtain in-state car insurance in your name, as you can't be an Uber driver if you're on your parents' insurance.

5. You Won't Always Be Driving

Even when you're on-the-clock, you won't always be driving. Sometimes you'll have to sit in your car and wait for people to sign up for a ride.

Utilize that free time to make your college experience more fun. You could try an investment app for your new income or train your mind to learn faster with brain training apps.

6. You Might Affect Your Financial Aid

If you rely on need-based financial aid, driving for Uber could disrupt that. You'll make more money during the current tax year, which will determine whether you receive the same aid in two years.

This won't affect juniors or seniors, but first-year students and sophomores may need to check their income protection allowance so they don't make too much money and lose their financial aid.

7. You Could Earn Free Tuition

Students in Arizona who complete more than 3,000 trips could earn free tuition to Arizona State University. Uber is currently operating a pilot program to test out a rewards feature for drivers with excellent ratings. It's something to consider if you live in Arizona and want to qualify for tuition funding.

8. You'll Put Miles on Your Car

Driving more often ages your car. As the odometer racks up, you'll risk wearing down your transmission and tires. They're expensive to repair or replace, so keep that in mind if you decide to become a professional rideshare driver.

Start the Right Part-Time Job

Is becoming an Uber driver right for you? Consider these factors before signing up for a job. You might love the flexible schedule or find that quarterly taxes take your focus away from school. Weigh your options to find the best solution and provide yourself with an income that makes college much more enjoyable.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

'Hotel Transylvania: Transformania' Film Review

Solid animation can't raise the newest entry in Sony's colorful monster series beyond the basics

54856
'Hotel Transylvania: Transformania' Film Review
Photo Credit: Amazon Prime Video – YouTube https://www.youtube.com/watch?v=6suJohjIvfo

I take a slight issue with the idea that Adam Sandler didn’t have a good dramatic role until ‘Uncut Gems,’ what about ‘Hotel Transylvania’ (he says semi-seriously)?’

Keep Reading... Show less
Featured

4 Common Reasons Couples Get Divorced

Are some people just not meant to be together? Is there any way to prevent an impending divorce?

83346
4 Common Reasons Couples Get Divorced

We've all heard the statistics. Roughly 50% of married couples eventually end up divorced. This can lead to complications, problems with your children, financial issues, and no small amount of negative emotions.

Keep Reading... Show less
Featured

​Pets are Good for the Soul

Millions of Americans have found comfort in pet ownership. The media has been awash with stories about a surge in pet ownership, as Americans have taken advantage of the ability of pets to improve emotional well-being.

79646
Good for the Soul
Pets are Good for the Soul

America is going through a mental health crisis. This crisis predates the global pandemic, but has in many ways been dramatically exacerbated by it. In 2019, 19.86% of adults, or 50 million Americans, reported suffering from a mental illness. The emotional toll of the pandemic has been heavy, with over half of U.S. adults saying that they have experienced stress and worry related to Covid-19. Anxieties over work, uncertainty about the future and other triggers have intensified the mental health crisis. Millions of Americans have found comfort in pet ownership. The media has been awash with stories about a surge in pet ownership, as Americans have taken advantage of the ability of pets to improve emotional well-being.

Keep Reading... Show less
Featured

How Your Sleep Position Affects Your Health?

You changed into your pajamas, turn off the lights, and get yourself ready to sleep. How do you prefer to sleep, on the back, on your side, or on your tummy? Although there’s no scientific result that sleeping position affects your back, here are some interesting facts that have been discovered.

183587
Sleep Position

You changed into your pajamas, turn off the lights, and get yourself ready to sleep. How do you prefer to sleep, on the back, on your side, or on your tummy? Although there’s no scientific result that sleeping position affects your back, here are some interesting facts that have been discovered.

Keep Reading... Show less
Featured

How to Throw the Ultimate Winter Bash

As the year starts to come to an end, make sure you find the time to have some fun as well.

124792
Ultimate Winter Bash

As the year starts to come to an end, make sure you find the time to have some fun as well.

Keep Reading... Show less
Facebook Comments