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Affording Higher Education on A Baby Boomer Budget
- Categorized in: 2012 Summer, Financial wellness, Healthy Aging Magazine, Healthy Aging Magazine Issues
While campus life hasn't changed all that much since the heyday of the flower generation, Baby Boomers returning to college are noticing major differences on the educational side. More classes are taught by adjunct professors; what once was a C+ is now often graded as a B+; and, most strikingly, tuition rates have soared like pterodactyls in a prehistoric sky.
According to CollegeBoard.com, public four-year institutions presently charge in-state students an average of $8,244 in tuition and fees each year. That's a daunting investment. Yet in 2007, U.S. News and World Report found the previous decade saw the total number of college students aged 40 to 64 increase nearly 20 percent, to almost two million.
So how can Baby Boomers afford higher education? While going into debt is always an option -- albeit an ugly one -- there are readily available tricks to financing that first, second or third degree.
Here are 10 such tips in the Summer Issue of Healthy Aging Magazine...