Many boomers go back to school to finish degrees or to further their education. Here's some information to help you find the money for the added expenses. When you do your financial aid research, remember there are no age restrictions on federal student financial aid eligibility or for most scholarships and other assistance programs. Older students should search for financial aid the same as younger students. Some financial assistance even has a minimum age requirement.
Free Application for Federal Student Aid
Free Application for Federal Student Aid or FAFSA is the place to start for anyone seeking funding for going back to school. Most colleges and universities use it 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 nation's largest student provider of financial assistance. 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 award-winning website, established as a free public service, provides comprehensive resources on student financial aid information. Resources here can help you find other types of monetary assistance besides scholarships and federal dollars. Several loan calculators are available, as well as a guide to FAFSA.
No matter how long you've been out of school, Fastweb's database has scholarships available for students of all ages. If you're looking for online courses, Fastweb provides detailed information about online learning sites for you. You'll also find links to special deals for students to help you save money when you become a student.
Set up your profile with Fastweb, and you can get scholarship notifications sent to your inbox. When you create your account, you'll find that some questions are for younger students. If you run across a question that you don't know how to answer because of your returning status, here's what Fastweb wants you to know:
Edvisors is one of the top websites for college planning, student loan applications, and scholarships. Look to the future and learn about repaying your education loan with discounts, deductions, and other strategies with the information provided here. There's also a resource page about filing FAFSA - your first step to getting financial aid. Edvisors offers a Financial Aid Newsletter for up-to-date financial aid information and advice, scholarship opportunities, and more. Several online tools are available to help you plan for returning to school, including financial aid calculators, financial aid checklists, and college planning calendars.
Sponsored by the U.S. Department of Labor, this website 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.