Applying for Financial Aid
First I'd like to ask where online one goes to file for financial aid for the No Worker Left Behind program?
I know that financial disclosure is one of the requirements for this program. That's fine, for someone in their early 20's, who hasn't yet established a 401K or IRA, bought and paid for a house or built up a financial "nest egg". Lets consider someone in their mid 50's who has worked for 30+ years and maybe paid off a small home, has a small 401K and managed to sock away a "rainy day" fund to help put a son or daughter through college,only to find him or herself now laid-off from a good job after all those years.
Short of the 59 1/2 age requirement to draw on a retirement plan, these funds are virtually not available without large tax penalties.
On the surface, the requirements to qualify for this program sound good and straight forward for all, i.e. been laid-off, on unemployment, etc.
I'm afraid that the middle aged worker who may have been able to save a little through the years is going to be between a rock and a hard spot! I hope I'm wrong on the financial aid requirements, but unless a person sells their house, uses up all the funds and goes on "the dole", they're never going to qualify for this program until they do so. For those of you who have applied for financial aid and fit this scenario, tell me I'm wrong.
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