The federal stimulus money keeps on flowing, with the Obama “Moms Return to School” program being one of the positive consequences. This program enables single mothers to obtain a $10,000 scholarship from a private company that they can use to pay for their higher education. This program is available only for females and can be used to pay for tuition, books, and supplies.
Research shows that having a college degree can enable a person to earn five times more than a non-degreed individual. A scholarship such as this is free and does not require repayment, lifting a huge financial burden from single mothers. The money can be used for education at a local college or university or an online institution of higher learning.
Each month, $10,000 is doled out to women who want to pursue their higher education. In addition, the stimulus package increase in 2010 raised the Federal Pell Grant to $5,100 per year. Single moms can apply for this grant and if they qualify, this money will also not need to be repaid. The American Opportunity Tax Credit program provides tax benefits for some out of pocket expenses.
To apply for the scholarship or Pell Grant, single moms need to complete the Free Application for Federal Student Aid, also known as the FAFSA. This form can be completed online or a paper form can be requested via mail or picked up at a local higher education institution. Applicants should have prior tax year information and identifying documents on hand to use when completing the document.
A scholarship or grant for higher education may be just want a single mom needs to improve her family’s lifestyle. These are just two examples of money available for higher education and more research will reveal many others. Increasing the level of education allows the single mom to further her career.