Sun. May 22nd, 2022

If you are like many moms, you put your career and educational goals on hold once your children were born. As your children get older, you will find that a lack of a college degree may hinder your ability to move forward in your current job or prevent you from doing something that you are passionate about. Unfortunately, the high cost of education can be prohibitive for many who would like to return to school. There are many grants for moms that will help ease the financial strain that a university degree may put on your tight budget.

Unlike student loans, grants never have to be paid back. This is money that the government or other entity awards you so that you can complete your education. Often, the grant amount is based upon the family’s income. So if your financial situation is strained, as many are in this recession, then you may receive enough money in grants to pay your entire tuition.

To find out how much and what type of grant you qualify for, you will need to complete and submit a FAFSA. This is the Free Application for Federal Student Aid. This application will determine how big of a Pell Grant that you may be entitled to receive. The current maximum grant amount is $5,550.00. There are however, other grants and awards besides the Pell Grant that you may qualify for.

One example is the TEACH Grant. This grant is in addition to the Pell Grant. And, as the name suggests, will give awards based upon the applicant’s willingness to teach in a low-income school and in an area such as Math or Special Education, that is currently experiencing a teacher shortage. If you are awarded a TEACH Grant, then you commit to teaching at least four years in a school that meets their criteria.

If teaching is not your dream career, then you may also look into the Federal Supplemental Educational Opportunity Grant. This is a Grant that is again, based on your income. The award amount may be between $100.00 to $4,000.00 per year. Your university or college will determine your eligibility and apply your award amount directly to the cost of your tuition. As with the Pell Grant, the FSEOG will never have to be repaid.

Other grants are also available. For example, you could qualify for the AC Grant. The Academic Competitiveness Grant seeks to award incoming freshman and sophomores who has shown the ability to excel in the classroom and has leadership abilities, then you may receive $750.00 your first year of college and $1,300 during your second year. If computers, math or science are your passion, then you should also apply for a National SMART Grant. The National Science and Mathematics Access to Retain Talent Grant awards funds up to $4,000.00 to students in their third and fourth year of college who are studying any of the above mentioned fields.

The grants listed above may just be the tip of the iceberg if you are looking at ways to finance your higher education. Many institutions have their own endowment funds that allow them to award even more grants to deserving individuals.

By rahul