While the government provides over $80 billion in free government money every year, these cash grants are not always available to individuals to claim. A large amount of these funds are specifically allocated to small businesses and for community development. That, however, doesn’t mean there aren’t numerous opportunities for individuals to obtain free government money by applying for grants.
Particularly college students can obtain thousands of dollars in free tuition assistance through government grant programs, which means individuals have the opportunity to go to college, get a degree and a high paying job without having to worry about paying back the funds awarded. Because education grants are not loans, the money can be provided tax-free, with no interest and they never have to be repaid.
In addition to education grants, individuals can often obtain free government money for a variety of personal uses. For instance, there are grant programs for single parents, minorities, first time home buyers, and those who need help getting out of debt. If you have a home improvement project in mind or even an invention, you may also be able to claim some of this free government money.
There are seemingly limitless ways to obtain cash grants, and because there is no limit on the number of grants you can apply for or receive, you may qualify for $10,000 to help you pay off debt and at the same time obtain $12,000 in down payment assistance for your new home.
The first step in applying for and receiving these funds is to search an up-to-date grant database to see what programs are currently available, the amount of money that can be awarded, and the qualification requirements to obtain these funds.