People have heard a lot about recent program changes that will allow them to get more money to help pay for their return to college. However, along with the facts have come quite a few myths that have people confused.
Millions of dollars have been allocated to help women, especially single mothers, to return to college and seek the higher education they have been lacking. Government officials and other non-profit organizations have recognized the impact that a degree can have on the lives of these individuals. So, money has been set aside by these groups to help.
Federal Stafford loans are available to provide women with up to $10,000 each year to pay these college expenses. These are available as unsubsidized loans, as well, which means you do not have to pay any interest on the money you borrow while you are in school. Interest only begins to accrue after you have graduated, and then it is a lower interest rate than most other loans.
The grants, or Barack Obama Scholarships as some have coined them, can help single mothers across the country go back to school when they might not otherwise have been able to do so. They are provided with financial aid that does not have to be repaid, so the additional stress of financial planning is lifted from them. They are better able to concentrate on their studies and their families.
While getting financial aid does not solve every problem with going back to school, it can make the transition much easier for single moms. There is a lot of free money that is now being given away and there is no reason not to take advantage of it.
Millions of dollars have been allocated to help women, especially single mothers, to return to college and seek the higher education they have been lacking. Government officials and other non-profit organizations have recognized the impact that a degree can have on the lives of these individuals. So, money has been set aside by these groups to help.
Federal Stafford loans are available to provide women with up to $10,000 each year to pay these college expenses. These are available as unsubsidized loans, as well, which means you do not have to pay any interest on the money you borrow while you are in school. Interest only begins to accrue after you have graduated, and then it is a lower interest rate than most other loans.
The grants, or Barack Obama Scholarships as some have coined them, can help single mothers across the country go back to school when they might not otherwise have been able to do so. They are provided with financial aid that does not have to be repaid, so the additional stress of financial planning is lifted from them. They are better able to concentrate on their studies and their families.
While getting financial aid does not solve every problem with going back to school, it can make the transition much easier for single moms. There is a lot of free money that is now being given away and there is no reason not to take advantage of it.