Tuition-free college for senior citizens? Yes please!
What if I told you that in a few years, you could earn a college degree without paying one dime of tuition? Better yet, what if I told you that you didn’t even need to wait until you were retired? A recent proposal would make tuition-free college possible for all senior citizens 55 and older. If this program takes off, we could be looking at the next generation of college students, who could be the first ever to start their education at age 55 or later! Here’s how it would work…
In response to the rising costs of higher education, Senator Bernie Sanders has proposed a tuition-free college education for all Americans. Today, it is not uncommon for students to graduate with tens of thousands of dollars in debt from student loans that take decades to pay off.
To be eligible, you must be a US citizen over the age of 65 or have a disability. You also need to have been enrolled in school during the past six years and plan on enrolling again. This is not only an opportunity to finish your degree, but it can also help you stay mentally active and engaged with society as a whole.
How to apply
If you are a US citizen, turning 65 years old this year, and have lived in the US for at least 10 years since the age of 16, then you’re eligible to apply for a Lifetime Learning Credit. You will need to fill out IRS form 8863 to claim your Lifetime Learning Credit and attach it to your tax return. The credit is worth up to $2,000 per year and must be used within five years of filing your tax return.
What does the program cover? The program will cover tuition and fees.
Who is eligible for the program? Citizens who are 65 or older and meet the income requirements.
Will I have to pay anything else besides tuition and fees? No, but you will be required to live on campus if it is offered in your area.
What are the eligibility requirements of this program?
The proposal of tuition-free college for senior citizens is a great idea because it will allow the older generation to stay up to date with the latest information and knowledge. In order to stay competitive in this ever changing world, we need to have access to all of the newest developments in science and technology. One way this can be achieved is by giving free tuition to people over 65 years old. This will not only benefit the students themselves but society as a whole.