Financial Assistance For Single Mom
Are you looking for financial assistance for single moms? You’re probably in the same boat like the millions of people out there. You have been working like a slave for your employer for a while and out of nowhere you find yourself out of a job. Or you just might be in a situation when there is only one income coming in and now that income has disappeared. And unfortunately you are now stuck in a situation not knowing what to do next.
Most employers look unfavorably on job applications with a lengthy amount of time on unemployment. So as soon as you apply for your next job, you will unfortunately find that your application is put to the bottom of the list. And if you don’t know already, the best thing you can do in this situation is to go back to school. Being in the tight situation that you are currently in, you’re probably wondering how in the world you are going to be able to go to school and pay your bills at the same time.
Thankfully there are financial assistance for single mom programs available for individuals like you in this type of situation. It’s free money for people that are willing to do something for themselves and to better their families. The award amounts for some of these scholarships can be quite high. You can expect to get up to $10,000 in free financial assistance for single mom that you will never have to pay back. Can you just imagine being able to get the free education you need so you can finally get your feet back into the employed world with an advanced degree? You can have all your bills paid with the free scholarship money and be able to go to school so you can put your family in a better financial position.
Pell Grant
The Pell Grant gives students the opportunity to receive free college funding. The Pell Grant is provided by the federal government and is given to low-income students. Undergraduate students that attend a qualified post-secondary education are eligible to receive a Pell Grant. If you are a student that would like to apply for the Pell Grant, then you must complete the FAFSA application.
The FAFSA determines how much money your family should contribute to your education based on the current income/assets. The lower your EFC score, they higher the chances are that you will receive a Pell Grant Award. If you plan to attend a community college or a four year university and would like free government money, then you should definitely think about completing the FAFSA application in order to be eligible for the Pell Grant.
Students with an EFC score of zero will get the maximum Pell Grant amount, which is $5,350 for the 2009-2010 school year. An EFC score of zero means that your family is unable to contribute any money towards your post-secondary education. IF you have an EFC score higher than 0, the Pell Grant Calculation can be used to determine how much money you will receive. There is also a Pell Grant chart that shows a breakdown between EFC score and the Pell Grant
As part of the American Recovery and Reinvestment Act, American legislature approved to give more than $17 billion towards the Pell Grant program. This additional money increased the Pell Grant amount each year for the next two years and was implemented to allow more low to moderate income families to opportunity to send their child to college.
If you would like more information on the Pell Grant, check out http://www.PellGrantOnline.com