2006-10-09 12:53:45 · 10 answers · asked by ike 1 in Business & Finance ➔ Personal Finance
YES it is a myth
The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying off bills, no grants for paying debts, for buying cars. Imagine if that were true, then there will be no bankruptcy in the United States
Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.
For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.
There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.
You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.
Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.
Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.
Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs
2006-10-10 12:00:45 · answer #1 · answered by imisidro 7 · 13⤊ 0⤋
Grants For Bills
2016-12-17 13:43:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Grants To Pay Bills
2016-10-02 11:14:15 · answer #3 · answered by gonser 4 · 0⤊ 0⤋
Can you really get government grants to pay off bills or is this just a myth
http://scholarshipfaqs.net might help
2016-03-22 23:01:04 · answer #4 · answered by ✔ Sandy 5 · 0⤊ 0⤋
This Site Might Help You.
RE:
Can you really get government grants to pay off bills or is this just a myth?
2015-08-07 00:23:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
YES, it is a myth that you can get a government grant to pay off bills. NO it is NOT a myth that you can get a goverment grant to start a small business.
2006-10-09 13:08:20 · answer #6 · answered by Faith In The House 2 · 2⤊ 1⤋
government grants pay bills myth
2016-01-24 03:04:08 · answer #7 · answered by Rita 3 · 0⤊ 0⤋
There are government grants available for certain things, like specialized research and minority owned businesses. But the government won;t give you money just to pay bills. Anyone claiming that government money is available for things like this is a scammer. It takes time and effort to learn of the legitimate government programs designed to help people. Sites like grants.gov and grantspay.com will help with this.
2014-04-27 10:06:01 · answer #8 · answered by ? 2 · 0⤊ 0⤋
then tell Kevin Trudeau .. will you please !!! this is ridiculous. Why is there a commercial on tv with people saying they get an extra $5K a MONTH .. or the guy saying he was given $60K .. why is this allowed to be aired on television??? and why is Kevin Trudeau .. out and out lying then .. where the bleep do these people apply ? and more importantly, how do they get this type of money to pay BILLS.. the only grants I see online are for schooling or business or non profit organizations.
2014-01-10 18:52:34 · answer #9 · answered by privatetime 2 · 0⤊ 0⤋
MYTH! you can get goverment grants to start a small business but to pay your bills - sorry but it's a myth, because if it is a fact, I'll be the first to apply!
2006-10-09 12:55:42 · answer #10 · answered by sarkatick 2 · 2⤊ 2⤋