Unlike loans, grants and scholarships don’t have to be repaid
November 3, 2011
No matter how old they are, many people pay for a college education with a variety of methods including loans, grants and scholarships.
While loans are often the easiest type of financial aid to find, some caution against completely funding a college degree on loans, especially for mothers pursuing their education.
The Burlington Free Press recently told the story of a Vermont mother who put herself through college and graduate school while juggling three children at home. Although 43-year-old Kerin Durfee now has a good job with a good salary, she says she is financially paralyzed by the more than $70,000 worth of debt she has from paying for school, costing her $800 each month.
"I think my situation speaks to adult learners, people who return to school to obtain graduate degrees in hopes of increasing both their skills and salaries," Durfee told the newspaper.
There is hope for other mothers who want to go to college without accruing a lot of debt. These individuals should look into various scholarships for mothers as well as different state and federal grants to help fund their education.
