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Student Stripper Makes $180K a Year & Will Graduate Debt-Free


               
2014 May 27, 1:29am   2,563 views  9 comments

by zzyzzx   follow (9)  

http://finance.yahoo.com/news/student-stripper-makes-180k-graduate-120023271.html

Plenty of students work so they can pay their way through college, or at least reduce the amount they have to borrow. But some jobs are more lucrative than others. Stripping, for example, falls into that category.

A University of Maryland student covers her tuition costs (and then some) by taking a train to New York every other weekend to work as an exotic dancer, according to a story from WMAR Baltimore. She makes about $180,000 a year. (Payscale says the typical annual income range for an exotic dancer is anywhere from $20,000 to $142,000.)

Six figures for working every other weekend? That’s pretty fantastic. This might not be the job choice for everyone — including some of the roughly 20 million college students in the U.S — but Maggie (who didn’t give the TV station her last name), seems more than happy with her choice. She has to have plenty of spending money, too: Tuition at the University of Maryland was $23,581 this year for state residents. It was $42,767 for out-of-state students.

Maggie isn’t alone — she says 24 dancers at the club where she works are also students. A Leeds University study from 2011 found that about a third of strippers were students, but there’s not a comprehensive look at the numbers for U.S. strippers.

Unlike Maggie, a majority of students have to take out loans to finance their educations — student debt in the U.S. now totals $1.3 trillion. She’s smart for finding a way around it, because student debt is no picnic. In affordable amounts, loans can be extremely helpful and well worth the investment, but graduates with debt loads that exceed their salaries often find themselves in financially stressful situations: not enough money to move out of Mom and Dad’s, pay bills or save for things like a new car, a home or retirement.

Education may be a gateway to moving forward in society, but student debt can seriously hinder that progress. Getting rid of student loans isn’t easy (there are some tricks people try that won’t work), and depending on your individual financial situation, it shouldn’t always be the top priority — like in these situations — but there are a few things you can do to make sure you’re on the right path:

If you have the opportunity to earn supplemental income, you can use that cash to accelerate your debt reduction. It doesn’t have to be as bold or well-paying as becoming an exotic dancer, either — a few hundred bucks over the course of a year can have a huge impact.

Finally, always make your loan payments on time, because not only will that help you reduce your student loan debt, it helps you boost your credit standing along the way (you can see how student loans are affecting your credit scores for free on Credit.com). If you can pay more than what’s due toward the principle, even if it’s just a little bit, you can save money in the long run by reducing the amount of interest the loan could potentially incur.

Comments 1 - 9 of 9        Search these comments

1   zzyzzx   2014 May 27, 1:31am  

Obligatory:

Article is useless without pics.

2   Vicente   2014 May 27, 1:52pm  

I'm thinking of my friends who were strippers who had an investment plan and are now sitting atop a pile of wealth for their future...... and that would be none of them.

One, oh yeah she was a Student originally, but when she just couldn't sit still at the engineering jobs she got after graduation it was back to the club. In the end all that money she made in her 20's ended up going up her nose then into her veins in her 30's.

Second one poured money into boyfriends, you guess how that went.

Third one was a Subsistence Stripper, she was a nurse and it was just extra fun money. Now that she aged out at least she has a nursing career.

The odds are against 'em.

3   JH   2014 May 27, 2:22pm  

A job is a job. Respect.

4   Rin   2014 May 27, 3:28pm  

Sorry, but here's my response ... so what?!

5   Ceffer   2014 May 27, 3:42pm  

At 3k to 4k clear a night, I would say she is doing a bit more than stripping.

Not to mention all the overhead (or is that just plain head?).

6   Philistine   2014 May 27, 4:02pm  

Ceffer says

At 3k to 4k clear a night, I would say she is doing a bit more than stripping.

I was thinking the same thing. 180k is a LOT of playing pattycakes in the champagne room. . . .

7   Dan8267   2014 May 28, 1:17am  

$180,000 a year for working every other weekend?

That's it. I'm going back to stripping.

8   donjumpsuit   2014 May 28, 1:17am  

yea

theres definitely some 'tips' in there.

and certainly not 'just the tip'

9   Rin   2014 May 28, 1:53am  

donjumpsuit says

theres definitely some 'tips' in there.

and certainly not 'just the tip'

Now we're talking :-)

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