Paying For College As An Adult
In an increasingly competitive job market, not having a college degree could land you in trouble. So many people are choosing to go these days so there’s a lot of competition from people that are both younger and often more qualified than you are. If companies are making cutbacks, you could be at risk. The simple solution is, go back to college and get a degree. Except it isn’t that simple. Kids that have just finished school haven’t created a lifestyle that relies on income from full-time. All of the things that you need, and the kids that rely on you if you have any, are paid for by working. While the cost of tuition and books is a big concern, you should be thinking more about how you’re going to deal with that massive loss of income. That all sounds a bit scary and it might be putting you off the idea of going back to college but don’t worry, there are still ways that you can pay for it, here are just a few of them.
I’m not suggesting that you try to somehow sneak onto a college course for free, but there are programs that offer free or at least low cost courses to certain people. Usually, they’re through your work. If a college course would help you in your current job, pick a college and ask your boss if they’re willing to pay for you to study there. You never know, they might say yes. Even if they aren’t willing to cover the entire amount, they might be willing to front the cash for some of it. The major benefit of doing a degree through work is that you can carry on earning while you’re doing it.
There are free or cheap college courses available through the Department of Labor and most states have their own cheap college programs aimed at older people that want to retrain. It’s worth looking into it to see what you are entitled to.
Borrow The Money
Most people are going to have to borrow the money from somewhere if you can’t get free tuition. Being an adult means that you probably have the benefit of owning your own home that you can borrow money against. You can easily get secured homeowner loans against the house. Because you’re putting up the house as collateral you can usually get a good amount which will cover your tuition and living costs while you’re at college.
If you’ve served in the military then you are likely to qualify for benefits that will cover some, if not all of your tuition fees and living costs while you study. Anybody that has served at least 90 days since September 10th 2001 can apply and the majority of applications will be accepted. The benefit can also be transferred to family members in certain cases so even if your partner or one of your parents has served, you may be able to get it paid for.
Paying for college as an adult can be more difficult but there is plenty of help out there for you.