According to USA.gov, grants that come at no cost to the applicant can be applied for and potentially received from the federal government, from states and from local communities. The federal government typically provides funds to local agencies that then distribute the grants for particular purposes.Continue Reading
USA.gov states that there are some grants advertised in the media which spark individuals to contact the government in hopes to receive the free grants. Although there are federal-level funds for individuals, most funds are allotted on the state or community level. States can create grant programs. Additionally, local non-profits offer various grants.
USA.gov reports that it can be difficult to obtain a federal-level grant. Although it is possible, there are many other sources of funding for grants. USA.gov notes that there are many scams out there that claim to be a way to find free grants. However, many of these scams ask for a fee and are not legitimate resources for real grants. Because of this issue, it is important to look into the specific grant advertisement that you are pursuing. To be sure the grant under consideration is legitimate, an individual should check out the Federal Trade Commissions consumer alert for government grant scams.Learn more about Credit & Lending
The U.S. Department of Education's Pell Grant is one of several grants that help cover student housing costs in addition to tuition, states CollegeScholarships.org. Students apply for these grants through the Free Application for Federal Student Aid.Full Answer >
There are several sources of financial aid for college, such as the federal government, state governments, colleges and universities, private organizations, banks and lending companies. For a student to qualify for financial aid, he must apply for the specific aid he is interested in and meet the qualifications set. Financial aid for college students include loans, scholarships, grants and work-study programs.Full Answer >
Though the federal government insures FHA loans, private lenders give them out. The first step in getting an FHA loan is to choose a lender and ensure that all basic prerequisites are met.Full Answer >
In order to get rid of student loans without paying them in full, an individual can apply to a loan forgiveness or discharge program created by the federal government. If the student qualifies, all or a portion of the student loan debt can be eliminated.Full Answer >