Embrace learning: Going back to school in retirement
Retirement means you get to stop working, but it doesn't mean you have to stop learning.
It might just be the perfect time to learn a new skill, pick up some French for your travels, or finally explore a passion for art or technology. While heading back to school in your 60s or 70s might sound unconventional, it's becoming a popular choice for some great reasons.
Beyond the thrill of learning something new, going back to school can boost mental agility, create lasting social connections, and even benefit your health. And rest assured, the days of 8 a.m. pop quizzes are likely long behind you!
Why consider classes in retirement?
Research shows that engaging in learning keeps the mind sharp, helps reduce the risk of memory-related issues, and can combat feelings of isolation. Whether you attend a one-time seminar or sign up for an entire course, learning keeps you connected and curious—both of which are incredibly beneficial for mental and emotional health.
Returning to school doesn’t have to mean big tuition bills, either. Many institutions offer tuition-free or discounted programs for older students, making it possible to go back to school without straining your retirement savings.
Affordable (and fun!) ways to keep learning
If the financial side of school is a concern, you’re in luck. There are several ways to make learning affordable as a retiree:
Tap into tuition-free programs
Many universities and community colleges offer free or discounted classes for seniors. These programs let retirees audit courses, allowing them to learn without worrying about grades or deadlines. Enjoy stress-free learning at its best!
Use employer or 529 benefits
If your previous employer offered tuition assistance or you have a 529 college savings plan, you may have educational resources. And yes, 529 plans aren’t just for your grandkids – if you’re the account owner, you can use these funds for your education, too.
Explore federal financial aid options
Retirement doesn’t disqualify you from applying for federal financial aid. You might be eligible for some programs, including Pell Grants, even in retirement.
Beyond the thrill of learning something new, going back to school can boost mental agility, create lasting social connections, and even benefit your health.
Social and intellectual perks of returning to school
For many retirees, returning to school offers just as much social interaction as education. Campuses are full of energy, and now, with both online and in-person options, you can choose a schedule that fits your lifestyle. Some retirees enjoy the vibrancy of community colleges, while others prefer the convenience of online platforms that let them learn from home.
In addition to keeping your mind sharp, classes may bring opportunities to join study groups, make new friends, or finally sign up for that pottery class you’ve always wanted to try. Social interaction is one of the best perks of lifelong learning and has been shown to reduce isolation and boost overall happiness.
On to the next chapter
Ready to pick up a backpack or simply grab your laptop? Going back to school in retirement is easier and more affordable than ever before. Whether you’re reigniting an old passion or exploring something entirely new, lifelong learning can make this chapter of your life one of the most rewarding.
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This material is for informational or educational purposes only and is not fiduciary investment advice, or a securities, investment strategy, or insurance product recommendation. This material does not consider an individual’s own objectives or circumstances which should be the basis of any investment decision.
Investment products may be subject to market and other risk factors. See the applicable product literature or visit TIAA.org for details.
Retirement check refers to the annuity income received in retirement. Guarantees of fixed monthly payments are only associated with TIAA's fixed annuities.
Investment decisions should be made based on the investor's own objectives and circumstances. Advice is obtained using an advice methodology from an independent third-party.
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