are there really goverment grant's to pay off your student loans?

Question

are there really goverment grant's to pay off your student loans?
I owe about $23,000.

Answer 1

There are a number of programs that will allow you to consolidate your debt including student loans. There are also places of employment where the employer helps pay off student loans (example is the Congress)

But there are no government grants for paying off student loans. 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, for getting out of debt or for buying a car. 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.

Nonetheless, 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

Hello Goose,
I did some research on the Internet and found some good resources for you. Check out
http://elfurl.com/tybx2 for instructions and assistance with writing the grant, and http://elfurl.com/4iulv for searching for existing grants.

I hope this helps you,
Andrea

Answer 3

I was looking into the same thing. I found this website, it talks about several ways to get loan forgiveness:
http://www.finaid.org/loans/forgiveness.phtml

Answer 4

Wooo theres hope for us all, one problem still is going to be getting on the property ladder in the UK due to the ever rising house prices, although a crash is predicted for soon, its been predicted for the last few years.

Answer 5

hi, how about checking it with New horizon business Services, inc?
I know they have good loans programs but Im not sure with your situation, pls follow the link below

Answer 6

doubt you will get that much you will have to get a job like everybody else. thats life for you nothing is free