Many people have been trolling search engines lately in answer of one question. Is there really money for college set aside specifically for mothers? The answer is yes and no.
To begin, the government will increase funding to students over the next decade through a $40 million stimulus package. It will do so by increasing the number and amount of Pell Grants given to low to middle income applicants. This allocation, launched in 1973, according to The Washington Post, "covered more than two-thirds of tuition and fees for a public four-year university. In the 1980s, it covered roughly half of such expenses. In the last school year, it covered about a third."
Now more than ever, students are in need of lucrative financial aid, including stipends and other rewards. Every year, in hopes of receiving grants and scholarships, students fill out a Free Application for Financial Aid (FAFSA), yet many find the money just isn't there. However, with President Obama's boost in collegiate funding, the award given when receiving a Pell Grant has risen. For example, the maximum award will be $5350 as opposed to 2006 when the award topped out at $4050.
Money for Moms
So how do single, working and all other female parents fare from this subsidy? The answer is there isn't specific money set aside solely for these women returning to school. However, that should not discourage them from applying for the grant. Every year, women caregivers are recipients of this funding and they will testify that every dollar counts.
The advertisements a person sees on the Internet, mostly on various search engines, have truth to them. Mothers, especially single ones, do qualify for funding. To do so, they must meet the necessary cutoff to qualify for the low to middle income bracket. They should also fill out the FAFSA early to be in the best standing to receive the most money possible.
List of Scholarships and Grants
- The American Tax Opportunity Credit allows a taxpayer with a modified adjusted gross income of less than $80,000 to claim expenses for all four years of college. Expenses include: tuition, course materials and other applicable fees.
- Project Working Moms sponsored by eLearners.com gives away a $4000 scholarship each month to use toward a woman's college education. Dads can apply as well. Pay attention to strict deadlines for each month.
- These two articles, Best Schools for Financial Aid and Best State Schools for Financial Aid, discuss which institutions are most generous with students. Women will find the articles a useful resource in deciding which school is best for their family budget.
Mothers should do their research to find the most money possible to subsidize their education. Overall, there is money out there for them, from the government and other resources as well.
 |
 |
 |
 |
 |
