Returning college students and adults going back to college are one of the largest growing segments of the population seeking financial aid to continue their education. Adults going back to college and returning college students may be shocked to learn there is less financial aid available for you now that you are classified as independent students.
Continuing education or adult education programs abound as adults going back to college seek to enhance their value in the market place. Returning college students and adults going back to college have less financial aid options because of the way in which their assets are valued or assessed.
Does Adult Education Mean Never Being Able To Retire?
Often adults going back to college and returning college students have been fortunate enough to have 401k and other retirement plans. Unfortunately the retirement funds may now keep them receiving any financial aid. As a returning college students or adults going back to college you are exposing 70% of your retirement account value to the financial aid formula. Because most returning college student or adults going back to college don’t know how manipulate the financial aid rules to you favor, you are left having to chose between continuing education and retirement.
Scholarships and grants for adult students represent less than 2% of the available resources
Scholarships and grants for adult students do exist. However grants for adult students and free scholarships are difficult to track down and represent less than 2% of the available resources. If you are interested in pursuing grants for adult students or scholarships register at FASTWEB and Scholarship-experts.
Grants for adult students and scholarships won’t be enough to pay for your continuing education. If you are serious about your education and you want as much help as possible it makes sense to invest a few dollars for professional financial aid serviceTags: financial aid advice