College Money for Senior Citizens

education-costsWould you believe there is actually funding for seniors if they want to return to college? As a senior citizen, you can pursue a degree, all while taking a couple of classes a week. You can get funding to help you in dealing with the otherwise considerable expense of taking such classes.

College Money For Senior Citizens

State and federal agencies offer different means for the elderly to get monetary funding to attend college. There are specific qualifications you need to meet in order to be considered for the funding in question, but these funds are available to many who are interested in pursuing an education late in life. There are also funding options made available from private foundations, private organizations, and private institutions throughout the country.

Grants: Both State and Federal

Grants do not require repayment, so they are the ideal funding source to apply for if you do happen to qualify. There are scholarships and grants that are without any kind of age restriction in the regulations listing qualifications. A senior might be eligible for the Federal grant program if they meet income guidelines.

In order to qualify for the Federal Pell Grant, you have to fill out what is commonly referred to as the FAFSA application online. FAFSA is an acronym that stands for “Free Application for Federal Student Aid.” What is nice about the FAFSA application is you can find out if you are eligible for student loans, both subsidized and unsubsidized, and work-study programs as well. To qualify:

  • You must submit the application in the time allotted for the next semester.
  • You must prove financial need
  • You must provide whatever paperwork is requested of you

When you apply, you may find out about other grants or other funding sources for the non-traditional, senior student.

Discounts and Special Tuition Waivers

There are a number of colleges and universities throughout the country that will waive the cost of tuition and offer special discounts for seniors who want to return to college. There might be a limitation on the number of tuition-free courses you can take in a single semester. Many community colleges will offer seniors special discounts for school attendance as well. The states listed here have schools available that allow school tuition to be waived for seniors:

  • Alaska
  • Connecticut
  • Florida
  • Illinois
  • Maryland
  • Minnesota
  • Montana
  • New Hampshire
  • New Jersey
  • Vermont
  • Virginia
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