If you have always dreamed of obtaining a college degree but money has been an obstacle, there are financial aid opportunities for adult students in the form of scholarships, grants and loans. A college degree is an investment in your future, and the faculty and staff at Colorado Christian University will do everything in their power to help you finance your college degree and related expenses. You may be surprised at how many CCU students qualify for financial aid, and it’s a common misconception that financial aid is reserved for students right out of high school or for those in dire financial straits. Financial aid for adult students is out there; you just have to spend some time researching options and filling out application forms, but the time you invest in applying for financial aid will be well worth it.
Let’s take a look at the types of financial aid available for adult students: scholarships, grants and loans.
- Scholarships do not have to be repaid. You will first want to talk to a CCU financial aid representative to see what is available for you. Some scholarships are offered by the University, others by the community, and others can be found by searching online. Most scholarships have very specific requirements. There are degree specific scholarships, state-specific scholarships and Christian college student scholarships.
- Grants, like scholarships, do not have to be repaid, and are usually offered by the state and federal government. To qualify for a grant, you must complete what is called a FAFSA (Free Application for Federal Student Aid) form. FAFSA asks for very specific information about your income, loans, debt, household living situation, etc. There are also very strict deadlines for filing. The CCU Financial Aid Office will be able to answer questions you have about this form and filing for state and/or federal financial aid. It is important to look into this option as early in the process of applying for admissions as possible.
- Educational loans must be repaid over time. The types of loans, amounts granted and payment plans all vary. You must examine your financial situation carefully and have an idea about how much you are willing to borrow if you qualify and how you will be able to pay the loan back.
If your employer is aware that you are considering going to college, you should ask if tuition assistance is offered through your company. Some employers will help pay for college degrees if, upon graduation, you commit to staying on with that company. You may be asked to sign some sort of “contract” promising to continue your career there, or you may be asked to take classes after work hours. CCU offers many online degree programs, and thousands of students have earned their degrees without ever having stepped foot on campus. Employers are often impressed by the drive and enthusiasm employees looking to further education exhibit and are happy to help. Earning a degree may help you advance in your career and lead to a raise in salary or a promotion. If you are looking to change careers altogether upon obtaining your degree, it’s probably best not to ask your employer for financial assistance unless you’re sure you can pay him/her back in full.
If your employer would not encourage you taking classes while holding down a full-time job, you may want to request a meeting and explain that the course work would not affect your job performance.
Please read these CCU blogs for more information about types of financial aid for adult students: