Google Plus Logo
Home Nursing Services
At Home Therapies
Home Care FAQ
Bereavement & Grief
Hospice & Alzheimers
Hospice Pet Therapy
Special Care Programs
Your Care Team
Specialized Home Care
Patient-Centered Dementia Care
Congestive Heart Failure
Hypertension / Blood Pressure
Coronary Artery Disease
Mental Health and Depression
Home Care Support for Multiple Sclerosis
Paraplegia and Quadriplegia
Traumatic Brain Injury
Our Standard of Care
Caring Brands International
Aging in Place
Questions to Ask Before Hiring a Home Health Aide
8 Dietary Tips for Improving Senior Heart Health
Talking About Substance Abuse as a Caregiver
How to Take Care of Aging Hair
4 Ways to Improve Indoor Air Quality for Seniors
Designing Outdoor Living Areas for Seniors
Getting A Grip: How and Where to Install Bathroom Grab Bars
Keeping Active: Tips for Senior Gardening
Alzheimer's and Dementia
Calculating the Cost
Certified Senior Advisors
Consumer Health Care Education
Advisor Care Giving Guide
Care in a Residential Facility
Check Your Home Care IQ
Elder Care Communities
Medicare and Home Care
Senior Care Resources
Senior Care Scams
Signs That Care At Home is Needed
Long Term Care
Mobility in Seniors
Home Safety Checklist
Home Safety Tips
Medications and Fall Risk
Reduce the Risk of Falling
Risk of Falling
Visiting the Doctor and Discussing Falls
What to Do If Someone Falls
Elder Care Videos
Hiring Your Own Caregivers
Family Care Giving Facts
Information for Seniors
Long Distance Caregiving
Starting the Conversation
The Stress of Family Caregiving
Taking Care Of Yourself as a Family Caregiver
Home Care Technology
Hospice Fact or Myth
Exercise and Older Adults
Tips for Lowering Blood Pressure
Seniors and Zika Virus
Stories From Home
Transitioning from a Facility
Independent Living Assessment
Where are you looking for Care?
Financial Aid for Older Adults Going Back to School
Financial Aid for Older Adults Going Back to School
Posted: 7/30/2015 2:17 PM by
Dear Savvy Senior,
Are there any financial aid resources you can recommend to baby boomers who are interested in going back to school? I’ve been thinking about taking some classes at a nearby college, and wanted to check into financial aid opportunities first.
Looking For Aid
If you know where to look, there’s quite a bit of financial assistance out there that can help working baby boomers and retirees go back to school. Here are some steps to take that can help you find it.
Fill out the FAFSA form:
A good place to start is by filling out the Free Application for Federal Financial Aid (FAFSA). This will help you learn about grants, federal student loans (which are a better option than private student loans), and even work-study jobs. But, be aware that for most types of federal financial aid you will need to be enrolled at least half time in a degree or academic program to be eligible. To learn more or to fill out an application online, visit
. Or call 800-433-3243 and request a paper FAFSA.
Search for scholarships:
While most scholarships are aimed at traditional undergraduates, there are a number of national and local scholarships offered specifically to older, non-traditional students. To find them try
. Both sites will prompt you to enter your birth date to find ones that are age appropriate.
Contact financial aid office:
Call the financial aid office at the college or university that you plan to attend to see if they offer any other financial aid options you may be eligible for. Also, find out if they offer any special tuition wavers or discounts for students over age 50. Many community colleges and some four-year colleges offer discounted tuition rates, and many allow older students to audit courses for free.
Seek a tax break:
Uncle Sam may also be able to help you with a tax credit, like the annual $2,500 American Opportunity Tax Credit, or the Lifetime Learning Tax Credit, which is worth up to $2,000 per year. Or, if you’re not eligible for the tax credits, the government also provides tuition and fees deductions for students that can cover up to $4,000 in expenses.
To learn more, visit the IRS’s Tax Benefits for Education Information Center at
– type in “tax benefits for education” in the search bar to find it. Or call 800-829-3676 and request a copy of IRS Publication 970: Tax Benefits for Education (
Open a 529 account:
If you don’t plan to go back to school right away, you should consider opening up a 529 college-savings plan for yourself (see
). Available in every state, 529’s allow you to save money for college tax-free. And in many states you can even deduct part or all of your contribution on your state tax return.
Sign up for a free or low cost MOOC:
That’s the acronym for the popular “Massively Open Online Courses,” which offers thousands of certificate and no-certificate courses by the best universities around the world. MOOCs offer free or cheap ways to learn from their instructors anytime, anywhere. See
to search for courses.
Consider lifelong learning:
If you’re interested in taking classes just for fun, consider Lifelong Learning Institutes (LLIs). These are noncredit educational programs designed for retirees that involve no tests or grades, just learning for the pure joy of it.
Usually affiliated with colleges and universities, LLIs offer a wide array of courses in such areas as literature, history, religion, philosophy, science, art and architecture, finance, computers and more.
To find an LLI, call your closest college or search the websites of the two organizations that support and facilitate them – Osher (
) and Road Scholar (
). Together they support around 500 LLI programs nationwide.