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Let's Give Back: Scholarships for the Elderly

Just as the elderly have given back to the community through scholarships, it's time to complete the circle with postretirement scholarships

Photo of Christina Wang
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Even going into college, there options for students to receive scholarships from their community, businesses, as well as their school's alumnus. According to an online study, it showed that 1.2 million out of 1.8 million graduating students received some sort of scholarship or grant. In the same way, with the large waves of Baby Boomers retiring, communities can partner with different financial services to give back and support the lives of the elderly within their cities. Many colleges are now providing financial aid for Baby Boomers specifically looking to return to higher education, but with this challenge, there is a freedom to dream bigger. With these scholarships, our elderly can have a better quality of life - travelling, paying off debts, fulfilling daily needs, medicine, etc. Each city can plan, allocate, and execute the scholarships in a way that best fits their demographic and economical needs. 

What is a provocation or insight that might inspire others during this challenge?

These scholarships aren't only to better the lives of the elderly, but it's also for communities to be united in serving those who have been serving our communities and businesses longer than we've realized.

Tell us about your work experience:

I am currently a student at the University of Texas - majoring in Management Information Systems and minoring in Marketing.

Specifically, please check all that apply:

  • I'm not currently involved in a credit union, but am curious to learn more!

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Photo of Alif Maknojia

Very interesting idea! I believe in giving back to the elderly and this idea of awarding scholarships for the elderly. How can financial services provide the funding for these scholarships or what can be some key first steps to get this started?