The unfortunate state of the economy has created hardships for individuals and families around the country
. Recent reports indicate that a large number of unemployed workers will remain without work for months to come. There aren't many chances to gain employment in some markets, and that has hurt many people. By many projections these dismal circumstances could continue for many more months or even years. New economic opportunities are one way to improve these awful forecasts. The Obama administration and Congress have taken steps to make home ownership more attainable and to protect consumers in several areas. Another important area is education. One area that has received specific focus is financial aid for college students. President Obama's Scholarships for Moms program is as straightforward as it sounds and hopefully as effective. This initiative is aimed at mothers to ensure that they can build for their children's futures as well as their own. Federal Pell Grants allow mothers to obtain these scholarships. For the past few years, the maximum award for Pell Grants has been increased to $5,000. With $5,000 moms can pay for any number of school-related costs. There are expected expenses like tuition and books, but for mothers childcare is also important which is why it can be covered as well. Another benefit is that school options are very flexible. You can attend most institutions whether they are junior colleges or 4-year universities. The first step to get any financial aid is the Free Application for Federal Student Aid, or FAFSA. This online application is necessary to be awarded any federal grants. There are many other kinds of financial aid as well, and the internet is a great place to research them. You may even find other tax credits or scholarships that you didn't know about. Checking a school's financial aid web page or calling the office is also a good way to get information about available money. Education is no doubt a priority now as well as for the future. When moms earn grants to enroll in college they're preparing themselves to contribute valuable ideas to the work force and to provide substantial support for their families. Obama's scholarships for moms will go a long way toward changing things in a positive way. Striving for education is a great part of ensuring a successful future.