Obama\’s American Recovery Act Of 2009 Gives Large Sums Of Money To Moms In The Form Of Scholarships

The Scholarship for Moms Program is being marketed all over the internet lately. This program goes hand in hand with an education initiative put forth by President Obama in his American Recovery and Reinvestment Act of 2009. In ARRA, higher education funding is revamped, making loans, grants, and scholarships easier to obtain. It also allots more tuition dollars to those who are eligible.

A large portion of these reforms centers on the federal Pell Grant. Pell Grants are designed to assist the most financially challenged. The target group is those who make $20K a year or less, although Pell Grants do fund families who make up to $50K a year. The highest cash value any one student can receive is being increased through ARRA. Students are eligible to receive up to $5,350 for the 2009-2010 school year. During the 2010-2011, these same students can get up to $5,500.

To be eligible for a Pell Grant, you must be an undergraduate enrolled in your 18th semester or less (lifetime limit). Your Expected Family Contribution (EFC) will be taken into consideration. Your parents must apply for the Pell Grant on your behalf unless you are over the age of 24, married, in the military, or a ward of the state. You must be a high school graduate or possess a GED.

Pell Grants can be applied for through the Free Application for Federal Student Aid (FAFSA), found online or in any college financial aid office.

Remember, grants are not your only financial aid option. There are numerous scholarships and grants available through private organizations. Investigate the Scholarship for Moms Program and see if you qualify. With a little work, you can have the benefit of an education.

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