Online Student Loans Guide

Single Mothers – Get Federal Grants and Other Financial Assistance

May 25th, 2009

Are you nervous about returning to school due to the poor economic conditions that seem to saturate the worlds news. If so, you should rethink your plans. This is actually an ideal time to finish your degree, or even begin to pursue your dream of a college education–especially if you are a single mother. Why? Because there is more federal financial aid for single mothers than ever before. Women all over the United States are applying for federal grants and tax credit programs to help them get further education.

Tax Relief

While the Earned Income Credit has benefited many single mothers as head of the household, there are many other tax credit programs that will help directly with education. One such tax credit is the American Opportunity Tax Credit program. This federal program is intended to cover the first $4,000 of a citizens higher education, and is calculated on previous years income instead of current or future.

Also look for check tax credits for education at the state level. Some are that have been especially designed to help working women. For instance, there is a program in Indiana that assists day care workers get an education.

Federal Grants

The Pell Grant is probably the most well-known federal grant program today. President Obama’s administration has expanded these programs especially for low income students, and will increase the maximum allowable grant to $5,100, up from $4,050. Eventually the president hopes to raise it to $5,400, which will be a great boost to single mothers.

But I Have to Attend School Online–What is Available for Me?

If you have to work and take care of your family, you probably don’t have time for traditional classes. Do not despair–the Federal Pell Grant is for online degrees as well as campus-based course work! Many of the other programs are also designed to include online courses, which is an ideal program for single mothers.

Obviously, there are a lot of financial aid programs out there so this means a lot of money available for you. But it can be a time consuming task to find them–so you may want to consider using a scholarship and grant matching program. Many of them are free or very low cost, and they can help you find money you would never have thought possible or found on your own.

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