Income-Based Repayment (IBR) is one of several repayment plan options for borrowers of student loans made under the William D. Ford Federal Direct Loan (Direct Loan) Program or the Federal Family Education Loan (FFEL) Program. If you qualify for IBR, your required monthly payment will be capped at ... Read More »
Federal Financial Aid for Single Moms
Financial assistance provided by the federal government.
This type of financial assistance for education may take the form of grants, and/or work-study programs. Federal agencies that offer financial aid include the Department of Education, the Department of Health and Human Services, and the Department of Defense.
Learn how FAFSA4caster helps students understand the options for paying for college, and estimate the eligibility for federal student aid. To apply for federal financial aid, students need to fill out the online Free Application For Federal Student Aid (FAFSA). Students need to apply for financial aid each year in college. Once students know what federal financial aid they qualify for, they will be able to estimate the additional amount needed to cover tuition and additional costs. These additional amounts can be covered with loans, institutional scholarships, or other sources, including doing part time jobs during college.
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Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is intended for undergraduates with exceptional financial hardship. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a Federal Supplemental Educational Opportunity ... Read More »