Let your job send you to school. Around half of employers offer college education assistance, and you might not even need to be studying something directly linked to your work. Generally, you don’t have to pay federal income tax on the first $5,250 of assistance.
Check out the American Association of Community Colleges’ Plus 50 Initiative. It’s designed to help students 50-plus train for new jobs.
Sign up for a free or mostly free MOOC, or massive open online course, through portals such asCoursera, EdX and Lynda. Often offered by elite universities such as Duke and Stanford, MOOCs offer bargains on courses from their instructors.
Negotiate for a fast-track degree. You may be able to reduce tuition by getting the college to waive some required courses because of your work and life experience.
Snap up an older-student grant, scholarship or fellowship. Some groups and foundations offer them, though it may take some sleuthing to track down. Start your search at Fastweb.com and FinAid.org.
Track your miles. The business rate for 2015 is 57.5 cents per mile. Use sites like MapQuest to calculate the distance for even short business trips and get reimbursed by your employer.
Know what you’re worth. Find out the typical pay for the job you seek, or before asking for a raise. Government salaries are posted on the Office of Personnel Management’s website. Private-sector pay rates are found at PayScale and Salary.com.
Get free or discounted college tuition. Nearly 60 percent of U.S. colleges and universities let older students take classes either tuition-free or at rock-bottom prices. Inquire about specific residency, age and other requirements at schools in your area.
What I Told The Senate About Older Workers and Jobs
I testified before the Senate Special Committee on Aging and its Chairman, Senator Susan M. Collins (R-Maine), and Ranking Member, Claire McCaskill at its June 24th hearing, Work in Retirement: Career Reinventions and the New Retirement Workscape, I was honored, and admittedly, a little thrilled Watch the video
Stuck in a Job You Don’t Love?
Click below to hear Kerry's advice on Kerry Hannon's website: KerryHannon.com
Subscribe to My FREE Newsletter
Kerry’s Money Minute Videos
Three Money Moves For Women Facing Divorce
Tips for New Widows
Three Tips to Becoming a More Money Confident Woman