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STUDENT LOAN FOR DISABLED RETIREE?

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Anonymous
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STUDENT LOAN FOR DISABLED RETIREE?

Strange question here. I had 27 years employed by corrections dept. Hurt at work. allowed full retirement, plus ssa. disability in full. I wish to go learn something "new". Would i qualify for some sort of student loan? i am not at the full retirement age yet, so not considered a seinior YET! I would wish to take online, at home courses, as much as possible. Thanks.
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Anonymous
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Re: STUDENT LOAN FOR DISABLED RETIREE?

It’s a myth that ‘online college & universities have a bias against and don’t offer federal funding. Maybe 3 to 5 years ago that was the case, but not anymore. I just recently left the online brick & mortar college world and happily enrolled in a true online college. I think one thing that sets them apart from the bricks & mortar colleges is that most times they assign a financial aid advisor who works with you, and will answer your questions, and not three weeks after you’ve asked!

 

 Don’t get me wrong, I did my research first & I suggest you do the same. While many of these ‘for-profit’ colleges have high tuition costs, they are those who don’t. Most all of them do accept all kinds of financial aid, including federal loans and grants. Besides the federal money, each state have their own grants & loans, which are usually still eligible at the online colleges While doing my research, I did come across several colleges that have reduced rates for seniors or veterans, which are comparable to tuition at community colleges. (like $96.00 an credit hour.) You can also look at your states Vocational Rehabilitation Services because they too should be able to help you financially by reimbursing the cost of your textbooks, your computer (if you need another one) and help pay your internet/phone bills (if internet service is connected through your phone. Sometimes, they will even go as far as helping to pay for your tuition. But, I warn you, if you do want their help then you should contact them, get an application & send it on, all ASAP because they usually have a waiting lists (for appointments only) of 2 to 3 months. You should also consider looking into scholarships, I wouldn’t be surprised if the Federal Government had merit based grants & scholarship for their former employees & same for the DOC. So, check into that.

 

When you do your research on the colleges look at their financial aid section, they will usually detailed the different aid’s available, how much you can expect and when & how they disburse the aid. I say this because there are some colleges who don’t disburse the money until the end of the semester.   

Message 5 of 5
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Anonymous
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Re: STUDENT LOAN FOR DISABLED RETIREE?

AFAIK (and if I'm wrong, hopefully someone will come along and correct me), you'd qualify for a Federal loan ... last time I checked, our gov's not allowed to discriminate based on age, or disability.

Also, I did an exhaustive Google and couldn't find a single thing that alluded to age requirements or health requirements in regards to qualifying for a government loan.

I think you're good to go! Smiley Happy

Best of luck to you!!
Message 2 of 5
Anonymous
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Re: STUDENT LOAN FOR DISABLED RETIREE?

Wonderin, appreciate your time and effort VERY much! Always been a dream of mine to work with the less fortunate. Children, or adult. i hope i wont be too old to help anyone as a councellor, or social worker, when i get out of school! Sorry for the rant! The federal program it is. Thanks.
Message 3 of 5
Anonymous
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Re: STUDENT LOAN FOR DISABLED RETIREE?

I don't know too much about this, but I think there is some bias against online universities in terms of federal loan availability for those types of programs.  Many of the online universities are for-profit companies.  Be sure to check whether or not you can use federal loans in a particular online program before you sign up.
 
Your best bet will be online courses from bricks and mortar colleges/universities so that you will be eligible for the Stafford subsidized and unsubsidized loans.
 
Good luck with everything!
Message 4 of 5
Anonymous
Not applicable

Re: STUDENT LOAN FOR DISABLED RETIREE?

It’s a myth that ‘online college & universities have a bias against and don’t offer federal funding. Maybe 3 to 5 years ago that was the case, but not anymore. I just recently left the online brick & mortar college world and happily enrolled in a true online college. I think one thing that sets them apart from the bricks & mortar colleges is that most times they assign a financial aid advisor who works with you, and will answer your questions, and not three weeks after you’ve asked!

 

 Don’t get me wrong, I did my research first & I suggest you do the same. While many of these ‘for-profit’ colleges have high tuition costs, they are those who don’t. Most all of them do accept all kinds of financial aid, including federal loans and grants. Besides the federal money, each state have their own grants & loans, which are usually still eligible at the online colleges While doing my research, I did come across several colleges that have reduced rates for seniors or veterans, which are comparable to tuition at community colleges. (like $96.00 an credit hour.) You can also look at your states Vocational Rehabilitation Services because they too should be able to help you financially by reimbursing the cost of your textbooks, your computer (if you need another one) and help pay your internet/phone bills (if internet service is connected through your phone. Sometimes, they will even go as far as helping to pay for your tuition. But, I warn you, if you do want their help then you should contact them, get an application & send it on, all ASAP because they usually have a waiting lists (for appointments only) of 2 to 3 months. You should also consider looking into scholarships, I wouldn’t be surprised if the Federal Government had merit based grants & scholarship for their former employees & same for the DOC. So, check into that.

 

When you do your research on the colleges look at their financial aid section, they will usually detailed the different aid’s available, how much you can expect and when & how they disburse the aid. I say this because there are some colleges who don’t disburse the money until the end of the semester.   

Message 5 of 5
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