So, if you're not going to use loan funds for spring break, is working instead worth it?
The specific answer depends on several circumstances, but the average savings could be in the thousands of dollars. Here's a breakdown.
Assume you make $9 an hour and work eight hours a day for six days of a nine-day break. Your after-tax earnings with a 15% tax rate would be $367.
Add to that your savings for not traveling to a typical spring break destination, which could be over $1,000.