Saturday, October 24, 2009

Money for College

Seems there’s a lot of information floating around the Internet about a new Obama program to help single moms go back to school. In researching what this “new” program might be, I’ve come to the conclusion the “new” program is nothing more than an expansion of the federal Pell Grant program. It appears that the intention of these articles is to simply draw folks in so they can be redirected to a site that offers entry into a drawing for a $10,000 scholarship in exchange for registering with the site. Not having gone further, I don’t know what they’re trying to sell but it must be something!

Pell Grants and other Government Financial Aid

Applying for college financial aid is easy and you don’t need anyone’s help. You also don’t need to be a single mom. To start, you must fill out and submit a Free Application for Federal Student Aid (FAFSA). Most of the information required is taken from your federal tax return. Most need-based financial aid is determined through the calculations resulting from the information submitted. Once the college financial aid office receives your FAFSA results, you will be sent an award letter outlining the types and amount of financial aid you can expect to receive.

Private Scholarships

There are often private scholarships available. Check with the financial aid office of the college you will be attending. Scholarship information may be available through the college website, as well. Often these scholarships are based on area of study or some demographic factor so is sure you meet the requirements before submitting an application.

Scholarship Search Service

While a scholarship search service may be convenient, there is absolutely nothing they can do for you that you can’t do for yourself. So if there’s a fee involved, save yourself some money and take a little time to research what’s available to you.

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