The Free Application for Federal Student Aid (FAFSA) can be intimidating. But here, you can find information about when to fill it out, how to increase the amount of aid you’re eligible for, and what documents and information you’ll need to have on hand to complete the application.
Are you ready to go back to school and earn that degree, but you don’t know how you’re going to pay for it? For all single moms, it can be tough, and finding the money to go to college might seem impossible. However, if you take advantage of Federal Financial Aid, you might be surprised at just how much money you can raise to go to college and help with living expenses while you complete your schooling! Federal financial aid for single moms just might be your ticket to a degree.
It all begins with something called a FAFSA, or a Free Application for Federal Student Aid. This document requires information on your income, investments, and the like. It will help determine how much money you can receive from the government to help pay for your college. Federal financial aid for single moms is often the only way you can go to school and still manage to make ends meet.
The FAFSA will determine how much money you can get, but it also determines how you will get that money. How many grants will you qualify for? The FAFSA can help determine that. Grants don’t have to be paid back, and are often given based on need. If you can show ample need, you might be able to get the maximum in grants.
Loans are another option that you can consider. Federal student loans carry a very low interest rate, and sometimes they have no interest at all. They are meant to cover what grants do not, and though they do have to be paid back, the payments are often on a schedule that is very easy to handle. You might not have to start paying the loans back until at least six months after you graduate!
There is a long list of grants you can receive through the FAFSA. You can also find out if you are eligible for federal work-study. Work-study allows you to gain money toward college by simply going to work every day in a job approved by the program, usually one that allows you to work for the college or university you are attending.
But that’s not all — in fact, depending upon where you reside and the college you want to attend, there might be much more offered by the Federal Financial Aid program. Visit www.FAFSA.ed.gov to learn more about what you need to do to qualify, and to get the application to start on the road to academic success. Federal financial aid for single moms is available — you just have to fill out the application to start the process of getting it!