Money For College: Obama Grants

If you want to be successful, getting a good education is a good start

. Even before he became President, Barack Obama spoke about the need to make education a priority. One major part of the effort is to make available to students more free money for college.

For decades, college prices have steadily increased. Scholarship packages rarely cover the full amount for tuition, books and housing. Unfortunately some students turn away from higher education because it's too expensive. Working, single mothers are particularly hit hard. Helping single mothers get an education helps their families and future employers. The President believes in this and has begun a mission to create scholarships for moms. There is no difference between Federal Pell Grants and Obama grants. The name "Obama grants" came as a result of the President's emphasis on educating moms. To help with university costs, a student can earn more than $5,000. The primary goal is to encourage single moms to return to school, and by 2012 they could receive as much as $5,400. Working mothers can pay for tuition and books or even daycare if that allows them to attend school.

Single moms should also consider the American Opportunity Tax Credit. Under this incentive program, education costs up to $4,000 are cleared. This $4,000 write off can be a big help to many students. Both of these tax programs help single moms tremendously because they are traditionally low-income individuals. Study options are wide open. Taking away a little of the financial burden of college is a helpful way to get more students enrolled.

The President has demonstrated that he considers this issue a priority. The stimulus plan that passed has some provisions to make the college loan process easier. In addition, the government is focusing on helping schools improve teaching and students improve performance. Another goal is to encourage more students to attend community colleges. Community colleges are more than a stepping stone on the way to a university. They are valuable institutions.

In his Reclaiming the American Dream speech in 2007, Obama said, "We need to put a college education within reach of every American. That's the best investment we can make in our future." With the measures he has taken to this point, the President has demonstrated he means his words. Grants for moms are just a small but vital part of the education mission. Traditional and non-traditional students alike have numerous opportunities to put their education first.

by: Marlon Jackson

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