Through its affiliate of federal agencies, the government makes available a list of government grants. This list, which is free, is circulated to all state and federal organizations. How do these lists come about? Congress allocates federal grants for major projects and these are given to various government agencies. The projects can be suggested by anyone, from the President to the states or the constituents and they are usually projects that are for the betterment of the community. Congress makes the final decision about how much and where it is to be allocated.
A free list of Congress-approved government grants can be found in the Catalog for Federal Domestic Assistance (CFDA). This is a good site for those who are familiar with grant terminology and for those who are looking for huge chunks of free government grants. Otherwise, for the layperson, it can be quite confusing, especially if you are clueless about the grant application process. Before taking a look at the CFDA site, it may be a good idea to be a bit better acquainted with the whole process. This list is open to organizations as well as individuals. Each entry on the list gives you information on how the money is to be used, how to apply for it and how it will be reviewed and awarded.
A free list is just for you to take a look at what is available. It does not mean that it opens the doors of a free grant for you. The application process for a grant is no easy task. It involves a lot of preparation and specialized skills. In fact, people who are looking to get grants have special staff to oversee the whole application process to see that it goes through without any glitches.
Other government agencies also have free lists of federal grants. Here are some of the web sites where you can find free lists. The Department of Justice (DOJ), the Department of Transportation (DOT), the Environmental Protection Agency (EPA), the Department of Education Grants and Contracts Information, the Department of Housing and Urban Development (HUD), the National Institutes of Health (NIH), the Stopping Violence Against Women and the Community Oriented Policing Services (COPS). The Department of Health and Human Services (HHS) lists over 300 programs.
FEMA or the Federal Emergency Management Agency also has free lists and helps victims who have been through natural calamities like earthquakes, storms or fires. Food and Nutrition Services are administered by the Department of Agriculture and gives lists about the Food Stamps program. The Social Security Administration features free lists of grants in four areas: survivor’s benefits, disability benefits, retirement benefits and supplemental security income. For enquiries about educational benefits, you could try at the Veteran’s Administration. Students would do well to go to the Free Application for Federal Student Aid (FAFSA) website at .
There are other sites you could go to as well like Grantsnet, Non-Profit Gateway, GovBenefits () and The Foundation Center.
Government Grants For Free
Government grants as an option of debt relief is not very popular. This is basically due to the lack of awareness amongst the people. Every year billions of dollars are kept aside for the purpose of giving away as government grants. People do not opt for these grants for debt relief because they think that either these grants are not available to individuals or they are not eligible to apply for the same.
Why Government Gives Grants For Debt Relief
When people are debt ridden, their expenditure decreases. This reduces the demand for various things in the economy because people will not have money to spend. Slowly this affects all areas of the economy, with the result that the economy of the state / nation suffers. Therefore it is imperative that the people have enough spending capacity so that the economy prospers.
Debt Relief With Government Grants
Government grants are more easily available than other forms of loans. This is because grants unlike loans do not require collateral or any other form of security. These thousands of dollars got as grants can be used for starting a new business, the proceeds from which can be used to clear off previous debts.
Grants are also available for clearing off debts incurred due to specific reasons like health care, education, business expenses etc. For e.g. a debt incurred for health care purposes like hospitalisation, medical bills, etc. can be cleared with the help of government grants. Debts incurred for setting up a business can also be funded using government grants. This makes government grant an ideal debt relief instrument.
Are grants easily available?
Grants are easily available to those people who can prove to the government that they are not in a position to pay off their debts. The social service office elaborately studies the financial position, outstanding debts and repayment capability of the debtor before issuing the grant. This is to ensure that the grant is going to the extremely needy people who have no other means to salvage their debt ridden situation.
Advantages Of Availing Government Grants For Debt Relief
1. A grant is easily available because no collateral is required to be got for it. The debtor just has to prove that he is not in a position to pay off his debts.
2. A grant is an aid from the government. It is not a loan. Hence it need not be paid back. It is both interest-free and non-taxable. It is given with the sole purpose of getting the finances of the debtor back on track, thereby making him debt-free subsequently.
3. With the availability of government grants for debt relief the debtors are saved from declaring bankruptcy.
4. Grants in comparison with other form of debt relief are a better option because they make the debtor debt free instantly.
Government grants are therefore an ideal debt relief option for those debtors who have no other option but to declare bankruptcy.
Both Gavin Sanderson & Milos Pesic are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Gavin Sanderson has sinced written about articles on various topics from Government Grants, Finances and Recreation and Sports. Gavin Sanderson provides articles on free grants. Visit to find more grant resources.. Gavin Sanderson's top article generates over 33100 views. to your Favourites.
Milos Pesic has sinced written about articles on various topics from Health Insurance, Hypnotherapy and Bad Breath. Milos Pesic is a professional Debt Management consultant who runs a highly popular and comprehensive web site. For more articles and resources on deb. Milos Pesic's top article generates over 74000 views. to your Favourites.
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