You’ve been doing everything right, and still you can’t seem to get ahead. Medical bills, car and home repairs and other unexpected expenses can devastate even a well-budgeted household. How do you pull yourself out of a financial pit when it feels like all you’re doing is digging yourself between a rock and a hard place?
When you can’t seem to stay above water, higher education might be the lifeline you’ve been searching for. If you’re willing to invest the time, the federal government and others can invest the funds. Here’s how to unearth new and exciting options when it feels like you have nothing left.
Feel Like You’re Out of Options? We have Answers!
Move Up in the World
You can spin your wheels for only so long before the burnout will wear you down to nothing. Your job is taking you nowhere, so what are you sticking around for? A change in careers is never easy and investing the time in continuing your education can feel like a huge undertaking, but it’ll be worth it in the long run. And fortunately for you, there are programs that can help you out financially.
Each year, the U.S. Department of Education offers over $120 billion in student aid. While some of this money comes in the form of student loans, the rest is set aside for grants and work study programs–money you don’t have to pay back. These are funds intended to put people exactly like you through school, to give those who need it most the means to strive toward that higher tax bracket.
The majority of federal college grants come in the form of the Pell Grant, which is available to most low-income people who’ve never earned their bachelor’s. Depending on your personal need and how many classes you take, you can get up to $6095 each year to help with tuition, books and housing.
If you need more help, apply for a Federal Supplemental Educational Opportunity Grant. The amount you’re eligible for will depend on your financial situation, tuition costs and how much money you’ve received elsewhere, varying between $100 and $4000.
Thousands of private scholarships are also available; some even offer full rides. Most require applicants to take courses within particular fields of study, while others only consider people who belong to specific demographics. Because of this, you might need to sift through all that’s available to find the scholarships that are right for you.
Be cautious of potential scammers portraying themselves as scholarship foundations. These unfortunate leeches are in the business solely to rip you off and gain your personal information for black-market resale. Make sure to research sources before applying, and never give your personal bank account information to anyone.
Will Work for Tuition
Consider applying for Federal Work Study if you’re able. It’s a program that offers employment opportunities to help cover tuition expenses. Not all schools participate, so you’ll need to ask your financial aid office if you’re eligible. Also, check to see if your school offers any in-house grants or scholarships. You’d be surprised how many resources are available if you just take the time to look.
Stop wasting your time and energy going nowhere. If you’re willing to invest the time to better yourself, others can invest the funds. You do have options, so take the leap!
~Here’s to Your Success