by Paula Jacobs

Created on: July 19, 2010

In Montana, single parents can get loans and financial aid for college. Loan programs offer help for single mother and fathers with student loans that cater to their particular needs. There are several programs in Montana including the Bureau of Indian Affairs (BIA) Grant. This federal grant program is managed by the Bureau of Indian Affairs and needy students who are members of an Indian, Eskimo or Aleut tribe may be qualified for financial assistance.

Single parents, grandparents raising grandchildren, working adults as well as other students who are beyond the regular school age, can get loans for college. In the past, student loans were only given to applicants who were from 18 years old, up to their mid-twenties. Older students and single parents were not approved for their loans because of the large amount of responsibility that raising a child demanded. Most single parents have to pay for rent, utilities, child care, travel and necessities without much help. These and other obligations of the applicant made most lenders apprehensive about taking a chance on those who fell into this category.

Sallie Mae offers all types of college loans and two in particular suit the financial needs and full schedule of single parents. The 'Direct Federal Loan Program' and the 'Federal Family Education Loan Program' (FFELP) are affordable loans and they are easy to apply for. Another great choice is a Stafford Loan, these are one of the most recognized student loans and these are also the type of loan for students with bad credit. Student loans that are subsidized or unsubsidized are available.

Types of College Loans

* Commuter Student Loan
There is a category of student loans available for the student who live at home and/or do not live on campus. The Commuter Loan goes to qualifying students who live at home with his or her parents or almost any where off-campus.

* Cooperative Education
This program allow college students time away from the classroom. Students spend time working at a related job for periods of time - alternated by periods of classroom learning.

* Tuition Reimbursement
Your employer can tell you more about tuition reimbursement, offered from the company. At participating companies, college students work in exchange for money to pay for school. You may have to sigh a contract that obligate you to working with the company for several years.

* Federal Work-Study Program (FWS)
This is a part-time employment

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