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Finding Loans for College at 53?

I started college at 48 yrs old and it was an eye opener after 30 yrs of being out working. I borrowed money from the government and completed my associates degree, then started my bachelor degree. As the 3 years passed and I started my last year I got within 149 credits out of 180 needed for my BS degree. The classes got really hard for me during the last half of my 4th year and I failed 2 classes and had to re-take them. I got past those on re-do's but this caused me to hit my maximum with my loans, so the university asked me to take a leave until I found a way to be able to pay them.

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It's been over a year now and almost 30 applications later and there is no money to be found. So after waiting until my 2 girls got grown and putting me last, is this it? I waited 30 years and now owe $60k on what would only be an associates degree because of my age, being permanently disabled and had to work twice as hard to teach myself what's simple to those just out of high school, like Microsoft word and even typing for that matter? I just wondered if anyone knew of something I might be missing for an avenue for additional funding? I can't imagine the government is OK with paying so much so far and not willing to help me so I can move on, but they have guidelines to follow. Thank you.

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Gold Post Medal for All Time! 677 Posts
March 7, 20170 found this helpful

There is federal aid for adult students. You can learn more here: studentaid.ed.gov/.../federal-student-aid-for-adult-students...

 

Diamond Post Medal for All Time! 1,246 Posts
March 8, 20170 found this helpful

Here is a site for older and nontraditional student financial aid help:

www.finaid.org/.../nontraditional.phtml

 

Gold Feedback Medal for All Time! 949 Feedbacks
March 9, 20170 found this helpful

It seems you may have acquired all available government financial aid that is now available to you so trying for more help through the government is probably going to be fruitless.

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Many things have changed with financial aid in the past 10 years and they now have cut-offs when you reach a certain point that can either be the number of credits/classes taken, the number of times you changed your major or just the total money paid. As you stated - rules.
The government does not care where you stand with your decree when it comes to repaying financial aid and they will soon be expecting you to start repaying the money you have received - whether you have finished your decree or whether you have a job and your age means nothing in this scenario.
Maybe you should try another route to try and raise funds. You say you disabled but did not elaborate but it may be possible to get free money from sites like this:

www.generosity.com/

gogetfunding.com/

www.giveforward.com/.../personal-donation-website

You can apply for help at any of these and you may actually receive free donations. I would suggest that you just tell your story about your desire to continue your education along with your disability and your personal financial situation.

 

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