However, all is not lost for single moms with a bad credit history, because alternative school loans for single mothers are available.

The importance of education, especially for single mothers cannot be neglected, because they have to pursue higher studies so that they can make a better living for themselves and their children. It is a huge responsibility to raise children without the support of a companion. This requires determination, but more important it requires a college degree for better prospects.

Top Programs

The Government is intensifying efforts for educating single moms, by giving them opportunities to avail non-traditional educations loans. They reach young women who are smart, committed and are eager to expand their horizons.

These alternative school loans for single mothers can either be presented by the Federal Government or by private non-profit organizations. To avail  single mother student loans and education grants, you must have complete information about the program, meet the selection criteria and fulfill necessary documentation.

The usual requirements to be eligible for these loans are valid citizenship of the US, Social Security number, High school diploma or a GED certificate, and enrollment as a regular student to attain a specific degree. The loans include:

• Pell Grant
• Academic Competitive Grant
• Federal Supplemental Education Opportunity Grant
• National Science and Mathematics Access
• Jeannette Rankin Women’s Scholarship

Bank Loans

Many banks also offer alternative school loans for single mothers, which are basically secured alternative loans for single moms with bad credit. To qualify for this loan, the applicants have to put up collateral of their homes or apartments or co-sign with someone who has a good credit history.

Precautions

It is recommended that single moms borrow limited amounts, whether it is a secure or a Government loan. The lower the amount, the easier it is to pay back with undue stress. However, single moms should prefer government, rather than private lenders. Government loans usually are given at a much lower rate of interest, and the payment terms are more flexible.  All that is needed now is to fill in the application for any of the loans, and get a head start towards a brighter future.

Good education for single moms will unlock many opportunities in today’s highly technological economy. Online education is a ray of hope for all single moms who want to improve their life through education. If you are among the millions of such single moms, act now. Fill in the requisite form and complete your education for the sake of a better future for your children.