If you decide to go back to school or to pursue further job training, as many boomers are doing, then here are some tips and websites to help you find money for the added expenses. When you do your financial aid research, remember that there are no age restrictions on eligibility for federal student financial aid or for most scholarships and other assistance programs. Older students, also known as nontraditional students, should search for financial aid the same as younger students. In fact, some financial aid even has a minimum age requirement.
Websites for scholarships and financial aid
FAFSA, or Free Application for Federal Student Aid, is the place to start for anyone seeking funding for going back to school. It's used by most colleges and universities to determine eligibility for federal, state, and college-sponsored financial aid. Federal Student Aid (FSA) is a part of the U.S. Department of Education and is the largest provider of student financial aid in the nation. FSA is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs provide grants, loans, and work-study funds to students attending college or career school.
This is an award-winning website, established as a free public service, that provides comprehensive resources on student financial aid information.
According to FinAid, Fastweb.com has over 50 awards that are restricted to people who are 30+ and over 230 awards restricted to people who are 25+ not to mention more than 1,800 awards with no age restrictions.
A top site for college planning, student loan applications, scholarships and more. Look to the future and learn about strategies for repaying your loan with discounts, deductions, and other strategies in the "Repay Your Loan" section. There is also a resource page about filing FAFSA - your first step to getting financial aid.
Sponsored by the U.S. Department of Labor, this site has a scholarship database and information on finding money for school and career training, like certificate programs, which may be a more economical choice. It also includes a special section for older workers about how to pursue new job skills.