Federal Financial Aid for Single Moms

Financial assistance provided by the federal government.

This type of financial assistance for education may take the form of grants, loans, and/or work-study programs. Federal agencies that offer financial aid include the Department of Education, the Department of Health and Human Services, and the Department of Defense.

Learn how FAFSA4caster helps students understand the options for paying for college, and estimate the eligibility for federal student aid. To apply for federal financial aid, students need to fill out the online Free Application For Federal Student Aid (FAFSA). Students need to apply for financial aid each year in college. Once students know what federal financial aid they qualify for, they will be able to estimate the additional amount needed to cover tuition and additional costs. These additional amounts can be covered with loans, institutional scholarships, or other sources, including doing part time jobs during college.

Direct Loan Consolidation

Direct Loan Consolidation

A Direct Consolidation Loan allows a borrower to consolidate (combine) multiple federal student loans into one loan. The result is a single monthly payment instead of multiple payments. From January through June 2012, the U.S. Department of Education will offer certain borrowers two options for ... Read More »

Direct PLUS Loans

Direct PLUS Loans

For Graduate and Professional Degree Students Graduate and professional degree students can borrow a Direct PLUS Loan to help cover education expenses. The terms and conditions for issuing the loan depend on the credit history of the applicant. The Direct Plus Loan has a fixed interest rate of ... Read More »

Federal Pell Grant

Federal Pell Grant

The Federal Pell Grant is the foundation of federal financial aid. It is awarded to undergraduate students who have not yet earned a bachelor's or a professional degree. The Pell Grant can be also awarded to post baccalaureate students enrolled in teacher certification programs. The Federal Pell ... Read More »

The National SMART Grant

National SMART Grant

The National Science and Mathematics Access to Retain Talent Grant, also known as the National Smart Grant is available during the third and fourth years of undergraduate study (or fifth year of a five-year program) to at least half-time students who are eligible for the Federal Pell Grant and who ... Read More »