How Single Moms and Regular Students Can Benefit From Financial Aid

There was a rumor going around that getting financial aid for college is not a good thing. Most people point toward the fact that obtaining student loans can be detrimental to your future. There is a way to circumvent any debt related to obtaining a college education. Here is how regular students and single moms that are going to college can obtain free money from the government.

Free money is often a pipe dream that is often touted by those trying to sell you something. If you have ever watched infomercials in the middle of the night because you are suffering from insomnia, you know what I am talking about. College is no different. Many people will present offers that will allow you to seek financial aid in the form of grants that do not have to be repaid. The difficulty is weeding through those that are legitimate and those that are not.

The way to do this is to do one of three things:

First, you can ask fellow college students or friends of yours that have been to college what services they have used in order to obtain the financial aid that they used to go to school. Many of them will have taken out loans such as the Stafford loan which have to be repaid. However, there are a handful of them that may have received grants and if they have received money than you can to.

Second, once you have located a hospital source of financial aid such as a grant, and you know that your friend has received the money, you need to ask for tips and pointers on how they were able to access this funding. Sometimes, it will come directly from the federal government courtesy of the stimulus package that has helped thousands of others.

The difficulty may be that your major is different than theirs. They may offer you other choices that they know of or, your best bet, is to talk to your financial aid counselor at your college.

Third, after you have talked to your financial aid advisor, you need to begin the process of obtaining funds that will pay for your education. This is a long and drawn out process. You have to prepare legal documents that represent your income. You need to spend at least an hour on the Internet to filling out a form to get you into the system.

But this is how single moms can benefit from financial aid:

By filling out this form, which is called the FAFSA, you will be placed into the federal system and when your financial advisor looks at your economic situation, they will be able to offer you more and more opportunities to access money that is only available to people in need.

Typically, single mothers do have a financial need. They are taking care of themselves and their families and therefore have very little money to go around. This will give you the opportunity to apply for grants and scholarships that are not available to the general public because you fit into a certain category that allows special government funding to come your way.

Start the process of deciding which college you want to go to, fill out the FAFSA, and talk to your financial advisor at your university to get you on your path to a college degree and a better career today.

The College Education Grant is Free Money for School

The costs of attending college today continue to skyrocket. Many students are finding it nearly impossible to finance their own education. With costs exceeding $15,000 a year, getting a part-time job often isn’t the answer. Balancing an education with the demands of a full-time job is becoming increasing impossible.

Individuals who want to pursue higher education and need monetary help to attend college have a couple of options. Self-help federal aid allows you to get loans and work-study programs. The second option, gifts don’t require repayment.

In addition to the US Federal government, other organizations offer aid as well. This aid comes in the form of a college education grant. The great thing about a college education grant, like the majority of grants and unlike student loans, is that you don’t have to repay the money.

College education grants are based on need and are highly competitive. These grants won’t necessarily cover all costs of an education, but provide the bridge that can make educational pursuits possible. These grants are donated by federal or state governments, non-profit organizations, academic institutions, research institutions, funding institutions, corporations, and private individuals.

The key is to start your research early when looking for college education grant opportunities. Starting during your junior year of high school is not too early. Anyone who wishes to pursuit a post-secondary education should complete a Free Application for Student Aid form and forward it to the department of education as early as possible. This should be submitted to the state assistance agency in the state where you hope to attend college or university. You may find eligibility for more than one grant or scholarship. Many grants are donated on a first-come first-served basis, so it’s best to get applications in early.

The Federal Pell Grant and the Federal Educational Supplemental Opportunity grant are two of the most popular and well-known need-based grants.

The Federal Pell Grant provides need-based grants to low-income undergraduate and certain post-baccalaureate students. Students may use their grants at any one of approximately 5,400 participating postsecondary institutions.

The Federal Educational Supplemental Opportunity Grant Program provides need-based grants to low-income undergraduate students for post-secondary education. Students can receive these grants at any one of approximately 4,000 participating postsecondary institutions. Institutional financial aid administrators at participating institutions have substantial flexibility in determining the amount of FSEOG awards to provide students who are enrolled or accepted for enrollment.
Start with your local library or high school counselor’s office for information about all the financial aid available to you. On the web, an internet search with the words college and grants should prove very useful. Some of the more popular sites such as finaid.org, collegeanswer.com, and the Michigan State Library website are excellent sources for college education grant information.

Types Of Financial Assistance From The Department Of Education

What’s the hardest part about obtaining a college degree? Is it passing your subjects? Well, some would possibly think so. Most college students could attest that the most challenging part about getting a college education is, as you may have guessed, paying for your college tuition fees.

Every school year, American college students pay at least $20,000 to cover college tuition fees alone. And as you well know, the costs doesn’t really stop there. You still need to pay for books, allowance, food, transportation, and the list just continues to infinity and beyond.

Perhaps you’ve spent a lot of sleepless nights thinking about it. And perhaps you’d be glad to learn that the United States government, your government, has thought about it as well. In fact, the government has been thinking about it well before 1980.

The United States Government mandated the establishment of United States Department of Education under the Department of Education Organization Act of 1979.

The US Department of Education was basically created to encourage the promotion of student achievement and their preparation for global competitiveness by way of fostering academic excellence and ensuring equal access to quality education.

The department participates in four fundamental activities, including:

a) The development of policies that are associated with federal education funding, the administration of funds and the monitoring of its usage

b) The gathering of data and overseeing of scientific studies in American schools

c) The detection of major issues in education and the development of solutions that would address them

d) The enactment of federal laws that prohibit discrimination in certain programs that receive federal funds.

The Department of Education provides a lot of programs and several other forms of financial assistance which have been proven to be largely helpful for students who are academically deserving but financially challenged.

Some of the services offered by the Department of Education are Grants, in the form of Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Teacher Education Assistance for College and Higher Education Grants, and Iraq & Afghanistan Service Grants; Federal Work-Study Programs, and Federal Loans such as Perkins Loans, Direct Stafford Loans, Direct PLUS Loans, and Direct Loan Consolidation Programs.

Every aspiring university student must always keep in mind that with regards to education, there is always a form of assistance that’s available for everyone. All a student needs to do is understand what she needs and determine where and how she can get it.

To learn more about this, visit the Department of Education website at http://www.ed.gov/.

Finance Education for Business Executives

Whether you are in sales, operations, or managing technology in an organization, as you grow in your career, you will be required to make financial decisions. What’s the best way to allocate the team budget? How can the company maximize its return on investments? Can the company afford to make capital investments? These are some of the questions that are not limited to just the finance professionals.

As the world of business becomes more complex, all the employees of the company are expected to be able to speak the language of finance and accounting to make the system more efficient.

Lack of basic financial understanding can seriously hamper your growth prospects. Even if you have all the skills to become a CEO, if you can’t read and interpret a company’s balance sheet, you don’t stand a chance to get that coveted position.

There are various ways to equip yourself with what you need to know about finance as a business executive. The first step towards your finance education is to grab a book that teaches you the basics. There are plenty of good books that have been written with non-finance professionals in mind.

Most business schools offer part-time Executive MBA or other executive programs for working professionals. This is a good option as you study from the experts, and also earn a degree or certificate at the end of the program.

The objective is to get decent knowledge of finance and accounting and be able to apply it when required. Let’s take a look at some of the important concepts that you need to know as a business executive. First and foremost, you need to realize the importance of finance and accounting function and the difference between the two. You also need to know some basic accounting terminology, such as double-entry accounting, debt, credit, assets, and liabilities.

The most important thing that you need to know is how to read and interpret the key financial statements of a company. The three commonly used financial statements are balance sheet, income statement, and the statement of cash flows. As a senior business executive, you are expected to know these statements, and how they are interrelated with each other. Based on your knowledge, you should be able to pick up the key financial data from these financial statements and use it for making key decisions. For example, if you are in a meeting discussing a future project, you should be able to take a call on whether the firm is able to finance this new project, depending on how much the company already owes, or how much profit the company has retained. Apart from these you should also have some knowledge about costing and budgeting techniques.

In summary, having a grasp on the key finance concepts and your ability to interpret financial data can provide a significant boost to your career and enhance your reputation among your colleagues.