Are you a single mother who finds debt unmanageable and looks for a suitable way as to how you can eradicate your debt problems? Do you find that you do not have enough dollars to fulfill your necessities and, as such, repay your debts? If yes, then you may choose to take the help of grants. The U.S. government provides different grants to the single moms so that they can come out of their financial problems and pay off debts with ease. However, the single moms can always opt for debt consolidation to pay off debts if debts become almost unmanageable so that they can come out of their debt problems soon.
What are the grants available for the single moms?
There are no particular grants available for the single moms to repay their outstanding debts. But there are grants that will assist them to pay off their personal debts so that they can lead a debt free life. The single moms are also offered grants so that they may be able to carry on with their further studies that they couldn’t continue due to monetary problems. This, in turn, will enable the single mothers to live a financially secured life.
How are grants helpful for the single mothers?
Grants are a suitable option to obtain money from the government that you’ll never have to pay back. The single mothers may find it difficult to maintain a proper balance between taking care of the family and satisfying their financial requirements. As such, the single moms who are unable to deal with such situations fall into debt trap and look for a suitable place to get help. Taking out a loan to repay your debt burden is not only the right solution and, as such, the need of grant arises. The government and the different non profit organizations offer grants to the single moms thereby enabling them to pay off their outstanding debts and also support their families.
What are the college grants?
Various programs have been launched by the U.S. government that provides college grants for the single moms. The federal Pell grant provides grant money to the single moms ranging from USD 400 to USD 5,000. You need to fill out the Free Application for Federal Student Aid (FAFSA) and provide the necessary documents such as income proof, driving license and social security number in order to apply for this grant. To get the necessary information about these grants, you will have to get in touch with the college financial aid office.
Another grant called Tech grant offers grants to the single moms for higher studies and acquire high educational degree. These grants are usually offered for a particular reason and, as such, according to the Tech grant, the single moms will have to teach for a minimum of one year in schools to the students coming from low income families.
You will have to check with the help of Catalog of Federal Domestic Assistance since they offer grants to the women under several categories. These small business financing helps the women to support themselves financially and, as such, these grants are a suitable option for the single mothers to pay off their debts which they find it difficult to repay on their own.