Financial assistance programs are available from all levels of the government, as well as private organizations. So, if you are a single mother in need of financial assistance, help is out there, you just need to know where to find it. Often however, you need to meet certain criteria to qualify for the financial assistance.
Are you qualified for financial assistance for single mothers?
To ensure that the most needy people get the funds, not everyone is entitled to the federal financial aid that is available. Only the people whose earnings fall below a certain limit qualify for the financial assistance for single mothers. Other factors are also considered – such as your family situation, current expenses etc. To find out if you qualify, complete an application form at your local welfare office.
If you do not qualify for welfare benefits, you can also take advantage of grants offered by the US government. In exchange for the grant, you must perform some service or task required by the grant terms. There are 900 grant programs offered by 26 federal grant-making agencies. You may visit http://www.grants.gov and http://www.neh.gov for details on grant application.
If you intend to go back to school, there are also grants available to assist with tuition costs. And unlike loans, grants do not have to be repaid. All you have to do is inquire at the school you wish to attend and find out if they have grants available.
Sources of Financial Assistance for Single Mothers
- Temporary Assistance for Needy Families (TANF) – Otherwise known as welfare, TANF offers a combination of financial assistance and work opportunities. Each state has its own TANF program however the name of each program varies from state to state.
- WIC – Women, Infants & Children – WIC stands for Women, Infants, and Children. WIC is a supplemental nutrition program available to low-income woman and/or their children. Find out whether you are eligible for WIC and how WIC may be able to help you with food costs.
- Programs to help single parent families avoid foreclosure – The Obama administration has recently made several refinancing and loan modification programs available to help families stay in their homes. If you’ve recently suffered a significant hardship–such a divorce or job loss, and your mortgage payment is more than 1/3 of your gross monthly income, you may be eligible for a loan modification through the Obama administration’s “Making Home Affordable” program. Also, it may be worthwhile contacting your lender to inquire whether they would consider modifying your existing loan. For example, lenders can assist homeowners by lowering interest rates, extending the terms of the loan, or by reducing the principal on the loan. In many situations, these types of accommodations are actually less costly to the bank than foreclosure proceedings.
- Our Families, Our Future – This organization is dedicated to providing a support and assistance to those who are trying to get back on their feet. They are a great organization that help train and mentor women for positions in the work force that will allow them to make a wage that can support themselves and take care of their children without needing help from the government or welfare programs. Find out more at www.ourfamiliesourfuture.org.
Private Organizations Providing Financial Assistance For Single Mothers
In addition to federal programs, there are a number of private organizations that offer financial assistance for single mothers, single parent families or low-income families.
CoAbode offers shared housing for mothers to reduce the cost of living expenses. In essence, CoAbode helps single mothers find roommates with other single mothers to share expenses, thus increasing disposable income. CoAbode claims to reduce housing costs by one-half, as well as place children in a safer school district. You can visit their website here – www.co-abode.com.
The Women’s Opportunity Awards
These awards are given to mothers who are acting as the primary money earners of their family. These cash awards acknowledge hard work of mothers and reward them with not only money, but the recognition of a job well done. To learn more about the awards visit www.soroptimist.org.
Sunshine Lady Foundation
This fantastic organization was established by Ms. Doris Buffet. The Sunshine Lady Foundation offers scholarship money to help survivors of domestic violence get their life back in order. Their goal is to provide these women an education at any type of college, whether full or part time, help women gain employment and personal independence and generally helping families in crisis. To determine if you qualify, visit www.sunshinelady.org.
Do not forget to consider food banks as a resource for reducing living costs.
As you can see from the above list, there are many options to find financial assistance for single mothers. The next step is to apply! GOOD LUCK!!