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credit cards, loans, late fees, pay issues, and family emergencies 500 miles away. I am in the military and can'y seem to catch up never mind getting ahead. I am currently trying to get a grant based on my situation but can't seem to see where I meet the criteria. Does anyone know a millionaire who neds a tax write off to help a brother out?

2007-03-06 00:33:49 · 3 answers · asked by Robert C 1 in Education & Reference Financial Aid

3 answers

Since you have been in the military I would think there would be some help out there for you, try just telling your story to many different groups that support military in just your situation. If not go to the celebrities and ask them for money, ask the ones who really show support for our troops.

2007-03-06 06:37:04 · answer #1 · answered by Anonymous · 1 1

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

As for millionaire who may be able to give you money, that one is a long shot. You stand a better chance approaching non profits and charities in your area asking if they can give you some assistance

2007-03-06 05:09:06 · answer #2 · answered by imisidro 7 · 0 0

Have you tried contacting a nonprofit credit counseling agency? They can help you budget and lower your payments. They do it by negotiating with your credit card agencies. They do it for a small fee. They can be located in the telephone book.

2007-03-06 00:52:00 · answer #3 · answered by dawncs 7 · 0 0

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