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Are you retired and have a longing to take that college class that interested you but never got to take? Maybe that class was not in your degree program, but it always fascinated you. Well, thanks to many colleges and universities, senior citizens over age 65 can have access to college classes for FREE!
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As Arnold Jackson from Different Strokes would say, “What you talkin’ ‘bout Willis?” That’s right, FREE access to up to 6 hours of college classes per semester at participating colleges and universities all across Texas. The catch is that you must apply for the waiver of the tuition and you are still responsible for any fees. The schools don’t just offer it up this lovely benefit, but it’s not difficult to apply as long as you meet the eligibility requirements:
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- Texas residents, nonresidents or foreign students;
- Enroll at a college or university whose governing board has chosen to offer this program;
- Enroll in a class that is not already filled with students who are paying full price for the courses (If the class is too small to accommodate both regular students and senior citizens, the regular students must be given priority); and
- Enroll in classes for which the college receives tax support (i.e., a course that does not depend solely on student tuition and fees to cover its costs).1
The classes you take can be used towards an undergraduate or graduate degree program or taken in general. Effective in the fall of 2014, the Texas legislature’s amendment to the Senate Bill 1210 added a Grade Point Average requirement for persons to receive continuation awards through the program. The Bill also establishes a Limit to the Total Number of Hours, cumulative, that a student may take and continue to receive awards through this program.2 According to the Texas Higher Education Coordinating Board, students over 65 years old must maintain a 2.0 average for undergraduate classes and a 3.0 average if they want to pursue a graduate degree.3
So, Carpe diem (seize the day) and go get that degree or take that class you’ve always wanted! Find the school that suits you best and offers the program by asking the admissions office if they support the Texas Education Code 54.365 c4. You can find a list of schools here. In addition to being a Lockheed Martin specialist, we are experts at providing good ideas like this as well as advice and recommendations for your investment and retirement needs! Call us today at 817-210-3444 to book a complimentary consultation!
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For more tips like these, click here to sign up for our weekly email blog newsletter. If you would like to get better educated on Lockheed retirement strategies, click here to download our Free Report titled Retire with Confidence: The Top 4 Things You Can Do Now to Maximize your Lockheed Retirement. And, if you want to have face time with a Lockheed Retirement Specialist², you can click here to schedule an appointment, click here to sign up for our Lockheed Retirement Workshop or click here to just give us a call (817) 210-3444.
Be sure and check back next week for more incredibly valuable information. Cheers!
Financial Planning and Investment Advisory offered by SWMG, LLC a Registered Investment Advisor.
Lockheed Martin Retirement Specialist is not an official title or professional designation nor is it conferred by Lockheed Martin on any individual or company.
Our Complementary consultation and free report are for informational purposes only and provided free without any obligation to utilize or retain our investment advisory services.
SMWG, LLC is not affiliated with or endorsed by Lockheed Martin Corporation. Our expertise comes from working with LMT employees for several years and helping them to retire with confidence.
Investing involves the risk of loss, including loss of principal. Past performance does not guarantee future results. Investment products are not FDIC insured, have no bank guarantee, and may gain or lose value. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable for a client’s investment portfolio.
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