Tag Archives: College

The College Education Conspiracy – What They Don’t Want You To Know

Do you believe in conspiracies? Perhaps you don’t think there is a massive UFO cover-up or that Big Foot is secretly being held in an underground bunker however, you do wonder about “the rest of the story”, as Paul Harvey might say. The rising cost of a college education has always been one of those topics where there seems to be more to the story.

Consider this quote from a college financial aid insider. “You go into massive amounts of debt just to get an education that you need as a prerequisite to get a job. Then you spend the rest of your life paying off that educational debt. There has got to be a better way.”

When I heard this statement it made me stop, think and question everything that I had experienced personally as a high school student approaching college admissions, as a student in college and now as a parent preparing to send my daughter to college.

Once Upon A Time…

It reads almost like a fairytale. We are taught form a very early age that if we desire to have a better quality of life than our parents, we must obtain a college degree. Try using Google to search the phrase “value of a college degree”. You would not be surprised to learn that most of the results are filled with charts and graphs that describe the earning “potential” of a college graduate compared with that of someone with only a high school diploma. It makes sense doesn’t it? In fact companies announce that to even qualify to work for them you must have at least an Associate’s Degree and most likely a Bachelor’s Degree.

Reality Sets In…

For those of us that are old enough to have experienced life 5 – 15 years after college we understand that the fairytale was only partly true. We were not told that while in most cases we do enjoy a better than income than our undereducated counterparts, we were not fully informed about the true cost of all of the student loan debt it took to fund that college education. We were also not told that while we did get our dream job, it was only after changing careers or industries multiple times. In fact, I wonder if as you read this now, you are currently employed in the field for which you received your college degree.

It Gets Worse…

What’s worse is if you attended a well-known expensive university only to find your self today, working at the same company, in the same position, with other people who attended less expensive schools. This would be bad enough if the story ends here but unfortunately it doesn’t. After all of this you would think that we would have learned from our mistakes but we have not. Without knowing it we now are preparing our children to make this high school to college transition no better prepared than we were.

How to Get Financial Aid for College Education for Single Mothers

Single mothers and mothers in the US can provide their family and children with a better future by securing a higher paid job. Well, this is possible only with the right kind of degree in hand earned at colleges. However, the road to success through education is quite tough as the costs associated with the higher studies at colleges are quite high, forcing many single mothers in the US to drop their higher studies in midway. High expenses apart, the additional crises of debt burden are there too, making college education an out of reach substance for single moms and mothers. Yet, there is a hope as the Obama administration has revamped grant programs for women, especially for single mothers or moms. This initiative has been taken towards empowering women and single mothers in the US so as to find them a better opportunity and make their lives better, leaving past the adversities behind.

The Obama Single Mother Grant is one of the best ways to help with college bills to avoid financial crises. Single mothers or mothers from low-income or no-income households can receive up to $5,000 as an educational benefit through The Federal Pell Grant program, also known as the Single Mother Grant. The US Department of Education monitors the entire program and pays out the financial assistance for higher studies for mothers through state-run organizations, participating colleges, action community agencies, charitable organizations and non-profit organizations. Always remember that female participants can easily receive free financial assistance through Obama approved government grant compared to male participants.

Considering Pell Grant, it is a need-based program; hence, it always aims at favoring the needs of single mothers. The federal Pell Grant offers you a great opportunity to escape the higher repayment rates of loans. Besides, it does not have to be repaid like loans. Earlier known as Basic Education Opportunity Grants (BEOGs), Pell Grant offers around $5,500 to the eligible single mothers for college tuition fees, as well as study materials and housing expenses.

How to Apply for the Federal Pell Grant

Remember, you are not entitled to receiving the Pell Grant for more than one college you want to pursue your higher studies. In order to receive the financial assistance, it is essential to complete the Free Application for Federal Student Aid, or (FAFSA). A proper application process is not complete without the filing of FAFSA. Once the FAFSA is filed, your financial needs are evaluated based on the information provided on the FAFSA. After the FAFSA gets processed, you are likely to receive a Student Aid Report, containing your eligibility for the Federal Pell Grant.

If you are interested, you can contact your state agency to apply for the Pell Grant or visit https://fafsa.ed.gov/options.htm to apply online. Though it is a time-consuming process, benefits for college education earned through Pell grant is matchless.