Non-traditional Students

Most students enrolled full-time at traditional public and private non-profit institutions in 2011 were under 25 years of age.  However, with the flexibility and popularity of distance learning programs, more than 70% of full-time students in a private, for-profit institution were over the age of 25.  Part-time students over the age of 25 made up 66% of students at traditional institutions.  (Source:  National Center for Education Statistics, Spring 2012)

Students over 25 years old, have different financial concerns than younger students. Chances are Mom and Dad aren’t helping to pay your tuition, and, you may have responsibilities such as children and full-time jobs.  The good news is that there are resources to help you along the way.

The National Endowment for Financial Education’s publication, Right on the Money: Financial Know-how for Financial Freedom offers the following ideas are specifically targeted to non-traditional students. 

1. Tuition Assistance Programs-Some companies will pay part or all of your tuition, fees, and books if you go to school. 

2. Test Out of College Credits-Many colleges accept credits earned by taking standardized tests such as the College-Level Examination Program (CLEP), among others.

3. Life Experience Credit-Some colleges give academic credit for prior life or work experience.

4. Credit for Non-college Classes or Training-Employers, volunteer organizations, and the military offer courses and training that can translate into college credit.

5. Childcare Assistance Programs-Some colleges have regulated day-care centers on campus and offer financial assistance for students who meet certain criteria.

6. Scholarships-There are special scholarships out there specifically for non-traditional students.

Check with your human resources department and the financial aid or admissions office at the school to see if any of these could be a possibility for you.

Next up:  Other Sources