Who Can Receive Government Debt Relief Grants?


Quick Answer

U.S. citizens who are at least 18 years old are eligible to apply for government debt relief grants. The terms and eligibility requirements may vary based on government policies and types of grants available; however, many debt relief grants can be used for mortgage payments, credit cards or college tuition.

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Full Answer

The government offers a variety of debt relief grants and loans for American citizens and maintains a database at Grants.gov. Grant opportunities are sponsored by a number of government agencies, such as the Department of Treasury, Department of Defense and the Department of Health and Human Services.

Individuals who are small business owners are often eligible for debt relief loans or grants, such as the America's Recovery Capital, a program part of the stimulus plan to boost the economy and provide interest-free or government loans at reduced interest rates for credit card debt, capital leases, payments to vendors and utility bills. The America's Recovery Capital program specifies that business owners who take advantage of the government debt reduction program do not have to begin making loan payments until a year has passed.

Debt relief may also be available for homeowners. The Making Home Affordable government program provides eligible home owners with refinancing options or mortgage modifications to avoid foreclosure.

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