Opening Doors for Additional Prospects – Financial Aid For Single Mothers

August 17th, 2009

If you have dreams of getting a college degree, you should not let anything get in the way of your road to your dreams. Not even being a single parent. Despite the heavy load of responsibilities that come with having to raise a family on your own, you should not have to relegate your education goals to the back burner. In fact, it is all the more important for you to finish college and have a degree in order for you to be eligible for more opportunities in the upper-pay job market.

Your income earning capacity is improved when you get a college degree as better job options are available to you. Your college degree will be not only your ticket to success, it will also be your ticket to uplifting the quality of life of your family. You can achieve your dreams even when you are short of cash through financial aid for single parents that are offered both by the government and by private foundations. There are government grants for single parents as well as other forms of single mother assistance available.

Get the funding for you to earn your college diploma through any financial aid for single parents that are offered by various institutions. Consider a financial aid as opposed to a financing instrument as money from financial aid is usually free. These are given as part of the sponsoring institutions’ advocacy to improve the lives of single parents and their families. Financial aid for single moms can often be a lifeline.

Such advocacies are targetted towards reducing the number of households with single parents who fall below the poverty line. Since financial aid for single parents are not considered as loans, they do not need to be paid back by the grantee. The amount of financial aid, however, are not fixed and are granted depending on the students’ financial need, the amount of funding available in the issuing institution, and the commitment of the student to finish his studies.

The most popular financial aid instrument is the Federal Pell Grant. Such a grant is not given to just anybody. Financial aid, however, is given to everyone who satisfies the requirements and standards set by the provisions of the grant.

The highest amount that was granted to a student under the Federal Pell Grant in 2008 amounts to about $5,000.This amount varies every year depending on the available funding in the program. One of the requirements in applying for a Federal Pell Grant is the filing of a Free Application for Federal Student Aid (FAFSA) form.

The FAFSA form can be filed in two ways: online through the FAFSA website, or via mail in paper form. There are other document requirments that you should complete so that there will be no snags in the processing of your application. Other grants and financial aid programs are also available in the financial aid office of colleges and universities.

Private foundations also offer nationwide financial aid and statewide financial aid. The Internet and your school’s financial aid office could be a great resource for you in finding what financial aid programs you could apply for. Having a good college funding plan would be advisable to ensure that your funding sources are all set before you start the schoolyear.

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