Wednesday, February 10, 2010

Education

College Cash 101 by Kim Clark

More Financial Aid for Adults Who Want to Return to College

August 05, 2009 12:44 PM ET | Kim Clark | Permanent Link | Print

Reader Comments

Hubby makes too much?

My husband makes 60K last year. I was a stay at home mom. My kids are now in school and I want to go to college. My FAFSA said we make too much money.....I don't make squat....the hubster makes it all.

Help for Working Adults

I can tell you first hand, that for anyone making between $30k - $100k, about the only option is to get student loans to pay for school. Unfortunately with the high price of the colleges and universities most people will default because they will owe 10 times more than what they will ever make. So really it is a personal decision whether to get a college degree and "hope" for a decent enough job to pay your loans, or settle.

I work as a teacher at a college and I am attending college to try to give me an edge, so I see my students get massive loans to pay for college and then end up defaulting because they cannot afford the payments. There is not much help for the majority of us.

Pell grant for college

I have my 4 year degree in social work. I would like to obtain my associate degree in 3d animation. Is there any aid for a 50 or older person looking for aid

Many fall through the cracks

It's hard to really qualify for help. It mostly takes determination to pay one's own way, and if you can get a credit card with high interest to help you do it, then so be it. I think most honest hardworking adults have not had time to legislate helpful measures to afford education beyond public k-12 for themselves. Find some entity to make a buck off of your hardship, and you might get the only helpful hand to be found.

Going back to college as an adult

I have a good salary and so does my husband, but we also have 5 children. I want to pursue my Bachelors in Criminal Justice with an emphasis in Forensics. We are also paying for college tuition for our oldest daughter. I haven't found any funding for myself due to my financial situation isn't that dire according to the federal government. where else can I look besides Student Loans?

Financing a College Education

If you really want to help College Students, then you should start by putting all of them to work in competitive employment, training them on the job, and then giving them a tuition refund for two night school classes per semester based upon their contribution to the workplace. This would produce much better outcomes (for the students) than: 1)giving them a free ride (if they are wealthy) or 2) Saddling them with a mountain of debt (if they are poor).

My father graduated from night school, I graduated from night school and my son will soon graduate from night school. I have completed two Associate Degrees in night school, one (job-related) BS Degree in night school and one (job-related) AAS Degree in night school (shortly after I retired). I still participate in continuing education in order to keep my Pofessional Certification current. I also taught night school for seven and one-half years (as Adjunct Faculty, in the inner city) while working full-time, raising a family, etc.

All students should be tested to determine: 1) What work assignments they would be happy with, 2) What their aptitudes are for variuos types of work, and 3) What their current levels of achievement are.

Someone should take the time to explain to each student how the use of their scores on these tests can help each of them to to be very succesful.

I also have many other ideas.

Thank you for listening.

felons getting college assistance

You can also get financial assistance if you were a convicted felon...$5500 a year!!!. Commit a crime, serve a little time and then go to college for two years for free!

Disinformation

There is really nothing new in the world of financial aid for college students. All this article says is that the top 10% academically will continue to receive the bulk of scholarships, grants and other financial aid, while the others have to struggle. In essence, the rich continue to get richer, while the poor go into debt. There really is no "more financial aid" for students, unless you join the military or work at a federal job, which pays about half of what a private sector job pays. Even then, you have to work at a federal job for 10 years before seeing any benefit, in which time the whole program may collapse or get modified.

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Kim Clark, senior writer for U.S. News & World Report, used loans, scholarships, grants, fellowships, savings, earnings, and generous contributions from her family (thanks, Mom, Dad, Grandpa and Grandma!) to fund study at four different universities. She even managed to graduate from two of them. She’s been researching and writing about the best ways to raise college cash for five years. If you’re panicked about paying for college, e-mail questions to collegecash@usnews.com.

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