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Financial Aid for Adult Students: Empowering Your Return to College
Why Financial Aid Matters for Adult Learners
Going back to school is a bold and rewarding choice, but it often comes with one big question: “How will I pay for this?” At Friends University, we understand that financial concerns can feel like a roadblock. The good news? There are more funding options available than you might think, and many are designed with adult students in mind.
Understanding Your Financial Aid Options
Start with the FAFSA
The Free Application for Federal Student Aid (FAFSA) is your gateway to grants, loans, and work-study opportunities. Completing the FAFSA doesn’t obligate you to take out a loan, and it won’t affect your credit score. It simply opens the door to see what support is available.
Friends University FAFSA Code: 001918
Need help with the form? Our Financial Aid team is here for you.
Grants: Free Money for School
Grants are funds you don’t have to repay. The Pell Grant and Federal Supplemental Educational Opportunity Grant are two major options based on financial need, especially helpful for independent adult students.
Student Loans: Manageable and Flexible
Federal student loans are often more affordable than private loans. Subsidized loans don’t accrue interest while you’re in school. And with income-driven repayment plans, your loan payments adjust based on what you earn.
Work-Study: Earn While You Learn
Work-study programs let you earn money through part-time jobs while you study. It’s a great way to offset expenses and gain resume-worthy experience.
Beyond Federal Aid: More Ways to Fund Your Education
Don’t stop at federal aid, there are additional resources worth exploring:
- State Grants and Scholarships: Many states offer aid specifically for adult learners.
- Employer Tuition Assistance: Check with your workplace. Many employers offer tuition reimbursement or participate in our Partner Advantage Program, which may qualify you for a tuition discount.
- Private Scholarships: Community organizations, foundations, and professional groups often award scholarships and many go unclaimed every year.
Breaking Down Financial Aid Myths
You might be wondering, “Am I too old to qualify for aid?” Absolutely not. In fact, most adult students are considered “independent,” which means your eligibility is based on your income alone—not your parents’. This can actually increase your chances of receiving aid.
Tips for Navigating the Financial Aid Process
- Apply Early: Aid is often first-come, first-served. Don’t wait!
- Check Deadlines: Each state and school may have different FAFSA deadlines.
- Understand Your Offer: Review each financial aid package carefully and note what’s a grant vs. a loan, and look at the repayment terms.
Smart Strategies to Maximize Your Aid
Treat financial aid like part of your professional toolkit. Here’s how to make the most of it:
- Search for scholarships regularly—even smaller ones add up.
- Update your FAFSA if your financial situation changes.
- Talk to Friends’ Financial Aid Office if you have questions or need to reassess.
Planning Ahead: Balancing School and Life
Returning to college often means managing a full plate. Friends University supports this with:
- Flexible eight-week online courses
- Academic Success Coaches to guide your schedule and choices
- Income-driven loan repayment plans after graduation
These tools help you balance school with your work and personal responsibilities.
Invest in Yourself and Your Future
Financial aid isn’t just paperwork, it’s a tool to help you move forward with confidence. At Friends, we believe that education is a powerful investment in your future. By understanding and accessing the support available, you can focus on what really matters: achieving your goals.
Ready to take the next step?
Complete the FAFSA today and connect with our Financial Aid team to explore your options.
financialaid@friends.edu
316-295-5100