Should I Borrow Money To Go Back To School? Ask Personal Finance Experts Velshi and Romans

December 6, 2011 | 12:51 PM | By Micki Maynard
FILED UNDER: Jobs, Your Story, Education, jobs, Midwest Money

People all over our region are deciding whether they should go back to school to learn new skills, and possibly begin a new career. But for some, there’s a big obstacle: how to pay for it. Should you use your savings — or borrow money? What’s the best place for returning students to find scholarships?

Authors Ali Velshi and Christine Romans want to help. All this week, they’re taking Midwest Money questions from our Changing Gears audience.

We’ll be posting their answers during the week of Dec. 19. If Ali and Christine pick your question, you’ll win a copy of their new book, How to Speak Money.

Click here and ask your Midwest Money questions about financing your education, or any other topic.

  • John

    There are federal loans that you might be elegible for. These loans are not grants, but you might not have to repay the loans until six months after you graduate from the program. Between competition from other people who are looking for work, progress, an individual almost has to go to school for training in a new field. let’s face it, the days of walking into a place with your resume, and expecting to walk out with a job are over.
    The best plan right now is to admit that you are not getting any younger, and the job you had might not even be there any more. So, start soul searching and come up with a field you will, or think you will, be happy with. Once you have a field in mind, start researching schools. Look at online schools as well as the community college that is in your area.
    There are some loans that you do not have to repay until six months after you get your degree.