In today’s economic climate, many individuals are struggling to support themselves, let alone anyone else. For single mothers, trying to make ends meet can be extremely difficult. The cost of healthcare, childcare, food, clothing, and everything else that children require is exorbitant. Many single mothers are unable to secure a job that pays enough to support themselves and their families, which further compounds an already difficult situation.
Personal loans are an option for single mothers who are struggling financially. However, the money that is borrowed through a loan has to be repaid within a specific time-frame, with interest, and the interest rates can be astronomical. If you fail to make timely payments, you could face stiff penalties. In other words, taking out a loan is not an option for many single mothers, as ultimately, it can end up making their situation worse than it was, to begin with. Additionally, many single mothers are simply unable to secure a loan because their credit is poor.
If you are a single mother who is struggling to make ends meet, there may be a way for you to get the financial assistance that you need. Therefore, without having to pay back the funds you receive. How? – With grants.
What is a Grant?
A grant offers money or another type of assistance, such as food, housing, or healthcare, that you may not be able to pay for on your own. Grants are funded by the federal government, non-profit organizations, academic institutions, and for-profit corporations. Grants are different than loans. There is no interest and the assistance that they provide never has to be repaid. In other words, a grant is a money or another form of aid that is awarded to individuals who meet certain criteria.
Types of Grants for Single Mothers
Believe it or not, there are several grants available for single mothers. Some of the different options include:
- Federally funded grants
- Education grants
- Financial assistance grants
- Housing grants
- Business and small business grants
- Childcare grants
- Healthcare grants
- Food and nutrition grants
- Disability grants
- Minority grants
The above-mentioned grants are funded by the federal government or other institutions, such as non-profit organizations, universities, or for-profit businesses (also referred to as non-federal grants). Below, we’ll look at some of the different federal and non-federal grants that are available for single mothers.
Grants Issued by the Government for Single Mothers
The federal government recognizes that single mothers, in particular, can struggle financially. For that reason, money from tax dollars is set aside for grants as a way to help those who are in financial need. The federal government is very selective about who they award grant money to. Otherwise, anybody would be able to receive free grant money. Strict eligibility requirements apply for federal grants; however, if you do qualify, you may be entitled to receive assistance through the government that you will never have to pay back.
Some of the different types of federally funded grants that are available for single mothers include the following:
- National Institute of Health (NIH) Grants. These grants intend to provide those who are struggling financially with the healthcare that they need.
- Temporary Assistance for Needy Families (TANF) Grants. These grants aim to help families that are struggling financially overcome their economic hardships. The assistance provided by these grants can offer job training, education, counseling, and emergency funding.
- Women, Infants, and Children (WIC) Grants. This federal grant provides women who are pregnant o who are mothers pay for the food, healthcare, and even educational classes that they need to better the lives of their families.
- Supplemental Nutrition Assistance Program (SNAP). This grant provides low-income individuals and those whom they support with the nutrition that they need in order to maintain proper health.
- Earned Income Tax Credit (EITC). Low-income individuals may be eligible to keep more of the money that they earn through EITC. This government-sponsored program reduced taxes for those who are struggling by offering a tax credit. Therefore, individuals can hold onto more of the money that they earn in their paychecks.
These are just some of the different federally funded grants that are available for single mothers. To find a comprehensive list of options that you may be eligible for, visit Grants.gov. This website offers a full list of all of the federal grants that are available. From here, you can browse through the different categories, learn about eligibility requirements, and even download applications.
Non-Federal Grants for Single Mothers
As mentioned, non-federal grants are grants that are funded by non-profit organizations, for-profit institutions, universities, etc. These grants receive funding from the organizations that support them, and the funding is released to those who are eligible for the grants that are offered.
Some of the different types of non-federal grant options for single mothers include:
- Coca Cola Grants. Coco Cola offers grants that aim to improve education, health, research, and the environment. They offer grants for individuals, such as single women and their children. The funds that are issued through these grants can be used for a variety of purposes, as long as those purposes are intended to improve quality of life.
- Sunshine Lady Foundation. The Sunshine Lady Foundation offers a Women’s Independence Scholarship Program that aims to help women who are victims of domestic violence. The scholarships award money to victims so that they can secure a higher education, which will then allow them to secure a better job and earn a higher income.
There are several non-federally funded grant and assistance programs that single mothers can benefit from to improve their lives and the lives of their children. To learn more about the different options that are available, you can find information online or speak to a counselor at your local library or a social service organization.
Thanks to grants, mothers who are raising children on their own can secure the assistance that they need in order to overcome their financial hardships and improve their quality of life.