One of the big drivers of the increased number of applications for student loans, primarily federal aid, has been the significant increase in the number of nontraditional students going back to school.
Of course, if you read my blog all the time, you know that the term "nontraditional student" is one I don't like. Why? Learning is a life long process and there is nothing "nontraditional" about learning as one gets older. For example, an older student returning to school for a Masters degree is not considered nontraditional, but an older student completing a bachelors degree is?
People are going back to school, many because they want to reenter old careers or start new careers and need to improve job skills. It is expected that the number of adults going back to school will increase as the economy worsens.
The Department of Education suggests that President Barack Obama will face an unusually burdensome financial situation that could force government to trim America's college aid program.
“There are a lot of things going on — more people are applying for student aid, more people are going to college, more people who qualify for the aid are showing up at school,” said Thomas P. Skelly, the Department of Education’s director of budget service, who wrote a memorandum detailing the problem to Congress.
Per the NY Times article, as of 7/31/2008, 800,000 more students had applied for grants than on that date the year before; one of the largest increases ever.
Tips for funding education in a down economy?
- Apply early
- Look for scholarships and grants
- Get advice from your college of interest
- Check employer tuition reimbursement
Subscribe to:
Post Comments (Atom)
The HBCU Career Center celebrates 15 years!
Checking in for 2022! So much has happened as we have continued to grow The HBCU Career Center. Hard to believe we just celebrated 15 yea...
-
You wrote an awesome resume, performed well in the job interview and now you are waiting to get the job offer from your dream company. A... -
Checking in for 2022! So much has happened as we have continued to grow The HBCU Career Center. Hard to believe we just celebrated 15 yea...
1 comment:
To my mind during the last couple of centuries many changes have been made in a scientific field of our life. Nowadays the optimism of students who essay need writing tips from http://bestsamplepapers.com for the first time or even on a daily basis can make them think in alternative way and meaning. We need a custom writing company that can prove its abilities in making structurally perfect ones short stories for my college mates this year or the next.
Post a Comment