Financial Aid for Single Mother

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Financial aid for single mother children

According to the 2000 U.S census, single parents head 10% of U.S households. That's one in every 10 families who only either have just a mom or a dad. That means less disposable income and perhaps more reliance on state welfare and benefits. With only one parent, it can be difficult for single mothers to cope, but it shouldn't necessarily mean that your children doesn't have just as much of a chance of going to college or university as two parent families. The financial aid for single mother children can be just as much, if not more.

Often, single parents seem to think that if they are struggling to cope, they will never be able to afford to send their child to further education. But there is no need to dash their hopes and dreams as the federal financial aid for single mother children available is extensive. When your son or daughter applies to colleges, they should also submit a Free Application for Student Aid (FAFSA) to the government to enable you to understand what financial aid is available.

It is here, on this financial aid form, that you can identify your income, your assets, savings and any state benefits you may be receiving to keep yourself afloat. These will be taken into account to fairly assess what the financial aid for single mother children they will grant and what contribution, if any you are expected to make. Your contribution is determined by affordability, you will not be forced to make a contribution that they don't believe you can afford to pay.

When this has been established, your child will receive an award pack that will outline the federal grants and federal loans they are eligible for. The important thing to remember is that a federal grant such as a Pell grant does not has to be repaid; it is in essence, free money for college! Also, if your child has been awarded a subsidized federal loan such as a Stafford loan, the government will pay the interest until just after your child graduates and after that the interest rates will still be kept low. By this point, they should have obtained an excellent job that will enable them to pay the loan themselves!

If you still find your expected financial contribution (EFC) hard to bear, there is still financial aid for single mother children that is open to all other children. This can be unsubsidized loans, parent PLUS loans or even a private loan that will enable you to spread the costs and budget for them monthly with out having to pay it all in one lump sum.

Another source of money for college are scholarships, most importantly needs based scholarships. Colleges normally grant these for students who are deemed to be in financial need. So as you can see, there is a plethora of financial aid for single mother children. Your child is no less entitled than any other to pursue their ambitions.

Motivate yourself and go get that financial aid!