Many seniors embark on new careers or opt to keep their jobs beyond retirement age, whether out of financial necessity or a desire to keep active. Either way, the decision likely means going back to school to earn a degree or learn skills needed to become a competitive player in the ever-evolving work market.
In response, institutions for higher learning -- particularly community colleges -- are either revamping or revising educational programs to meet the growing demand.
And demand is growing significantly. According to the National Center for Education Statistics, a division of the U.S. Department of Education, the number of seniors enrolled in job-related post-secondary education has grown significantly over the past two decades.
Community colleges in particular have a mandate to provide work force training. While their programs continue to be open to qualified students of any age, administrators for at least some community colleges are beginning to get more aggressive about targeting older students bent on returning to, or maintaining a presence in, the work force.
"It's a growing trend," says Norma Kent, spokeswoman for the American Association of Community Colleges. "We did a study in conjunction with AARP that identified between 20 and 30 colleges that now have more ambitious programs specifically addressing the older population."
Help With Scholarships for Older Students
Some have also added support services geared to older students -- often their most pressing need, says Gabe DeGabriele, consultant and founder of the Association for NonTraditional Students in Higher Education, an advocacy group for people going back to school after a gap in their education.
For example, he says, many may assume they are not eligible for scholarship aid. Although the more visible scholarship programs are for traditional scholars, he says, many are need-based.
"They're just hard to find, particularly on your own," DeGabriele says. "Our organization is in the process of developing a database of scholarships that anyone can apply for. We're also working with institutions to help them develop programs for nontraditional students and help those students find ways to be successful."
Next: "... a lot of older adults did not understand the system ..." >
Bankrate.com is the Web's leading aggregator of information on financial products including mortgages, credit cards, new and used automobile loans, money market accounts, certificates of deposit, checking and ATM fees, home equity loans and online banking fees. Visit Bankrate.com to get the tools and information that can help you make the best financial decisions.