What are my financial options?

Grants are a great way to supplement your income. Grants are awarded to applicable parties based on income. A Pell Grant for instance is limited to students with a financial need and who have not earned their first bachelor's degree or who are not enrolled in certain post-baccalaureate programs, through participating institutions. A grant does NOT have to be paid back and is a great option for parents in need. For low income parents this is recommended, apply for a grant as well as a scholarship and/or loan.

A scholarship is financial aid that is awarded to a person based upon multiple criteria, usually these criterion are based upon the values and purposes of the donor or founder of the award. Many times the scholarships come from personal donors. IE: A single dad worked hard through college then went on to create a multi-million dollar company, he donated $1 million dollars to the association and the money will be given to someone who fits his specifications.

A loan is given by the federal government in many circumstances and MUST be paid back. The interest rate on a student loan is often low and they allow you to pay back on a reasonable time table. There are also many other loaning companies that you can go through which we have linked to here: Get a Student Loan