Powering my way through octogenarianism, I eschew mere sitting on my tuchus as the decade tick away. But suddenly I have an AH HAH! Moment: Why no go back to school – post-secondary, of course – at the neighboring university?
New research released today from the Association of Young Americans (AYA) and AARP show student loan debt preventing Americans across three generations from saving for retirement or buying a home. As many students begin their academic year, nearly half of those with student loan debt say they owe more than $30,000. According to the Federal Reserve Bank of New York, borrowers have over $1.4 trillion in student loan debt. The new research specifically shows that of those who have student debt, 45 percent of Millennials, 48 percent of Generation Xers, and 50 percent of Boomers owe $30,000 or more.
Indeed! They are back. Not en masse though. It’s early in the back-to-college year, so our beloved town is not inundated yet. The university students return in dribbles, like a leaky water faucet. And many live across from my ALF (Assisted Living Facility). What’s a wheelchairer to do when crossing the street?
College is expensive as it is. Many parents and grandparents may be looking for ways to help their family members afford their education. Please beware of scholarship, financial aid and government grant scams. Fraudsters guarantee to award a scholarship as long as you pay an upfront processing fee for their services, but then you never see any scholarship money. To apply for true federal student aid, use the FAFSA, the official online form which is free to submit. Save your money and put it towards education instead.
Are you open to keeping your mind active and alert? Are you ready for a “mind adventure” and a little personal enrichment or career advancement?
Be bold in the pursuit of knowledge! Spend an exhilarating day attending some of the most popular lectures currently offered at the country’s top universities.
A documentary that closely examines the African American perspective on a range of LGBT issues was screened during Black History Month at AARP Headquarters. The film "The New Black" was offered jointly by AARP DC, Sage Metro DC and PRiSM, AARP’s LGBT Strategic Engagement Employee Resource Group.
Many families today are asking: How can we save for retirement as well as our children's (or grandchildren's) college education? You can do both, but it takes planning and commitment to fund education expenses without feeling overwhelmed by your finances.
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