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Colleges are creating new programs for older adults who are contemplating what to do next as they near the end of their careers. 

The programs are designed for midlife professionals who typically have at least two decades of experience. About eight exist so far, many at elite institutions such as Harvard University and Stanford University, with more schools developing their own offerings. One-year programs often range from $50,000 to $60,000 or more, depending on the institution, with discounts available to some.

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