I am so happy to let all of the working moms in my "Everyday Cheapskate" audience know about a terrific opportunity that just might see them going back to school with the kids this fall.

ELearners.com, a Web resource of EducationDynamics, recently announced the launch of Project Working Mom 2, an advocacy campaign that provides working mothers the opportunity to receive full-ride scholarships to online colleges and universities. The first $2 million in scholarship funding, which was awarded around Mother's Day 2008, attracted more than 50,000 applicants, prompting eLearners.com and five schools to offer another $2 million in scholarships to working moms in time for the back-to-school season.

The goal of this project is to help working moms overcome the obstacles of time, money and confidence and to achieve their educational dreams.

To help finance a college degree, in addition to the full-ride scholarships provided through Project Working Mom, eLearners.com provides a database with $15 billion in scholarship opportunities. Visitors to www.ProjectWorkingMom.com also will find a comprehensive interactive Web site with online education resources, profiles of working moms going to school online, and a community of women sharing their experiences.

"In light of today's competitive job market, a college degree is more important than ever," said Terrence Thomas, the executive vice president of marketing operations at EducationDynamics. "Project Working Mom allows women to learn how online education can help them overcome the barriers of time, money and confidence to earn their degree. The site provides a wealth of information, quizzes and tips on how to succeed as an online student."

The full-ride college scholarships through Project Working Mom 2 are for online programs from the associate to the doctorate levels at American Sentinel University, Ashford University, Capella University, Everest University and Penn Foster College. To apply for the scholarships, each working mom must submit a short application and an essay with her life, education and career goals and explain how an online education would allow her to achieve those goals.

If you are interested in applying, you have no time to waste. The deadline to apply for a scholarship at www.ProjectWorkingMom.com is Aug. 31, 2008. The recipients will be announced in September.

Mary Hunt is the founder of DebtProofLiving.com and author of 17 books, including "Debt-Proof Living." You can e-mail her at [email protected], or write to Everyday Cheapskate, P.O. Box 2135, Paramount, CA 90723. To find out more about Mary Hunt and read her past columns, please visit the Creators Syndicate Web page at www.creators.com.