Are there gov. grants for paying your debt?

Answer 1

No. 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 bills, no grants for paying off credit cards, no grants for getting out of debt and no grants for simply fattening your wallet.

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

Answer 2

Hi,

Great post! I had the same exact grant question a few months ago. It's really tricky to find out about this stuff on the net, but my wife bought me special special software (CD) for my birthday. The program rocks for finding the grant info you want. btw...this is the software that was featured on CNBC and in USA Today.

This company is giving away the software free (only $3.95 for shipping)!!!!!!!
Here's the link
http://www.alllsite.info/free-grant-money.php

I'm sure you'll find the info there
Good luck

Answer 3

In an attempt to get you to pay them yourself, get on a budget and pay your debts as quickly as possible. If you don't make enough money, go to school to get a better job eventually. Live beneath your means. I had to do the same thing myself...

www.daveramsey.com

Answer 4

Sure...now the Dems have won. Seriously, there are local programs in your area that help with one month of utilities, etc...but you put yourself in debt, you should have to get out of it. the gov. shouldn't be paying your bills!