Finding a Grant
There are a lot of ways through which you can find grants for your educational needs. Look specifically for grants that pertain to your profile. And take note of other similar grants.
Aside from government grants there are tens of thousands of other educational grants offered by each state, by private foundations, and other non-profit organizations. A good way to find these grants would be to consult with some local education officials or to log on to the internet, which should help you find a matching organization for your need.
Next you will have to make sure you qualify for the grant you have chosen. The basic qualifications for a person to avail of these grants is that he or she must be a legal citizen of the United States and should also belong to a household that pays taxes. There may be slight alterations to this basic requirement, but that should be the general rule. Up to $25,000 to upgrade your skills as an Employee. US Government Grants for USA Citizens
You should then apply for a FAFSA, or the Free Application for Student Financial Aid. This application will make your eligible for a Pell Grant. The amount this grant offers depends on your current financial situation, your dependents, and other considerations. No matter what amount this grant offers, it should not be taken in stride since every single dollar going towards your education should be worth it.
Getting the grant. Grants are easy to file, yet hard to win. You will need to learn how to produce a convincing, honest, and thorough grant document. The race here is very competitive since there are many that file for these grants and only a few do get their applications approved. Make sure you study the grant specification properly and make sure you are truly qualified for the grant.
Another site you can also have a look at is the Catalog of Federal Domestic Assistance or the CFDA. This has a list of Government grants and assistance. The Catalog also allows you to punch in key words for you to browse through the available grants out there by Category or by Topic Area.
Now that you found the grant perfect for you, you have to really understand what is written on the Eligibility Requirements. Understand these and make sure that you are qualified before you apply for the grant so as to not waste time.
Another important note on government grants that you must consider is that they are not available all year-round. Just like fruits in the market, you cannot go there and buy it if it is not in season. You cannot apply for a grant just because you feel like it. You can only apply when it has the go signal from the Government agency.
The Government agency comes up with the funding for the grant. Once this is met, it announces to the Federal Register that the grant is available.
One must remember that researching for the right grant, looking for the one that is right for you and applying for it may take a lot of time and effort on your end. The forms are not simply filled up and sent in like how you do with credit card issuers. It does not work that way.
For one, grants are very competitive. Since this is some sort of "free lunch," a lot of people line up for it to be able to have a grant. However, government agencies sift through all these proposals and only approve those they have a gut feeling on who would make the most out of the money they lent them. Up to $25,000 to upgrade your skills as an Employee. US Government Grants for USA Citizens
There are some government agencies that would only provide funds to a specific kind of cost or expenses. Therefore, these government agencies will not be able to fully back the grantee up with the entire expenses.
Another thing is that not all grants are available all year-around. You have to check whether the grant that is right for the business venture, charity event or personal reasons you are interested in is available at that time.
In writing, do not be impatient. Most people devote two to four weeks in general just to compose a Government proposal. They have to make sure that whatever proposal they send to the government agency, it will be the gist of whatever direction their business endeavor will head to. At the same time, it would have to be credible and deserving of the funding the government could possibly bestow to them.
Gather the information about your company. You can get these in the paperwork they provide you once you start working for them. In this way, whatever you put on paper in your proposal is actually the information the company has divulged beforehand. Thus, it will give the government agency a better idea on why the business needs the extra funding.
If these aren't available for you, ask help from those who could possibly assist you in doing so. If your company is non-profit, approach a board member who has a long tenure. If it is a large establishment, go to the program and financial support staff.
Step one: the concept. It is very necessary that you show to government agencies you have a concrete idea where to take your project. You have to make sure that the goal of your project is in accordance with the mission and vision of your company. Whatever documentation you presented, you must keep a copy for yourself, just in case the need for it arises.
Step two: the program. The information you can include in your proposal is:
a.) the nature of the project and how you plan on pulling it off
b.) a timeline for the activities you presented
c.) the possible outcomes and evaluation chart that will be utilized to rate the progress of the project
d.) the needs of the staff and volunteers.
Step three: the expenses. Now this is the hardest of them all because it involves money. You cannot specify how much the over-all cost will be. That is why this is the last section of the proposal. At this point, you do not have to give the government agency the full 411, but at least give them the idea on how much percentage will be allotted to this aspect and this aspect.
GRANT is not exactly a loan, Attempting to get funds through a orthodox financial institution can be very lengthy and requires loads of paperwork, only to find out that you've been refused. These Government Agencies don't have to work under the same abovesaid requirements that banks do. You work on how much funds you require, as long as it's a legible amount and complies with Government Agencies basis, the fund is yours to keep and you don't have to repay it. This money is interest free and non taxable .None of these plans need a collateral ,co-signers , credit check, security deposits , you can apply even if you have a bad credit or bankruptcy , it doesn't matter, you as a U.S. citizen and tax payer are entitled to these funds.
There are some Government grants that are available for businesses (but not to establish a new business). For the major part, these grants are very specialized. Moreover, many Government grants are not available through the year. That is, you can't apply for most of them at any time you wish -- in practical, you can apply for them only when they are announced by a Government agency. When a government agency makes funds available for a grant, it places an announcement in the Federal Register which is issued every weekday
Anyone planning about going into business for himself, or wishing to enlarge an existing business should head for the world's largest "one-stop-money-hub" where FREE MONEY is being held for you to begin or expand a business by the Federal Government.
It is absolutely amazing that people living right in the United States of America wouldn't know that every year the world's biggest source of free business aids in delivering: Over $29 trillion dollars in low-interest loans and free grants; over one-third billion dollars in obtaining of contracts; and Around $32 billion dollars in research grants FREE consulting.
With a market that remains unpredictable, and a requirement for even greater economic growth on all aspects, the federal government is more interested than it ever has been earlier to give you the money you need to establish your own business and become your own boss!
In spite of the perception that people should not trust the government for aid, the great government give-away programmes have remained so amazingly big that if each of the approximately 9 million businesses applied for an equal share, each would receive over $69,000.
Majority of people never try for FREE government GRANTS since they feel it not meant for them, , or simply don't know who to contact or feel there's too much red-tapism. The fact is, however, that people from all aspects of life do receive GRANTS MONEY free and other help from the government, and you are entitled to it.
While there are still no direct small business grants that can be borrowed from the federal government, many state development agencies offer direct small business grants and other types of financial assistance designed to encourage and help businessmen in starting or expanding a small business.
If you've been searching around for loan information you surely have heard of the Department of Education loans. These loans are the ones that we will be explaining in this article.
The US Department of Education
The US Department of Education concentrates almost all government aid for those who need finance to go to college. This department is known for being extremely precise and strict with its proceedings on loan application.
You'll need to be prepared and have all the information prior to applying for a loan. Otherwise you'll be searching around for forms, and trying to collect all the documentation that you need over and over again.
When you want to apply for a Federal Loan, you'll have to fill a form. This form is known as Free Application for Federal Student Aid Form (A.ka. FAFSA). Within this forms you'll have to include a lot of personal and family information that's necessary for the department to consider your application and to calculate the amount of money you'll be able to request.
With all this information that will be thoroughly checked, the department will come to know with how much money the applicant's family will be able to contribute to his education and what the total amount of money he will need will be. The difference between these numbers will usually be the sum the applicant will be able to request to the department of education.
These loans have specific requirements you'll need to meet in order to get approved.
If you fail to meet any of these requirements you'll provably get declined. However, don't despair as if you contact the department they'll probably help you solve the problem. Following is a list of the most significant requirements:
1) US Citizenship
2) Valid Social Security Number
3) Feasible financial Need
4) Eligibility for Higher Education
5) No Defaults or Bankruptcy in credit report
6) No Convictions
7) High Grade Point Average
When it comes to the US Department of Education Aid, there are at least three possibilities that can be taken into account: Federal Grants, Student Loans and Student Work Programs.
Grants are a form of financial aid that doesn't have to be paid back, the requirements for this type of loans focus on financial need and inability to obtain finance through other means.
Usually, grants are processed on a first come first served basis.
Student Loans have been explained in the above paragraphs and differ only with regular loans in the length of repayment and interest rate charged that tends to be significantly lower.
Student Work Programs imply that the applicant will be working for certain government agencies in order to pay for his education. The job will only take a couple of hours or if a fulltime job, only part of the salary will be deducted towards the payment of college.
Numerous grants from the government are unclaimed every year for various reasons. Many people just don't know these free money from the government is accessible to the public. Some people are discouraged about the application process for grants mostly because they've been given incorrect information on the actions necessary. Another reason people just don't take the time to apply for grant money because they are frightened about what is unknown to them. Because billions are unspent every year resulting from a lack of understanding and knowledge, the following will help you answer a few frequently asked questions.
Can I obtain government grants for debt that is personal? There are many reasons why individuals face debt. irresponsible spending habits rank highly on the list of leading causes of debt. Yes, there are some government grants intended to help people with personal debt.
Are grants from the government meant to be for the general public? You bet. There has been a lot of debate on whether there is free money accessible to the American public. If you are in need of financial aid in the form of housing grants, building a small business, living expenses, college tuition or home improvement, there are probably several different grants from the government available that might be of help to you.
Is it possible to receive free money right away? do not be misled into assuming that the government is able to give out grant money at a moment's notice. That isn't how it works. There is usually an application process that is involved in applying for government funded grants. Depending on the kind of grant you are applying for, the amount of time is going to vary.
Can I obtain more info relating to free gov grants? Most are not educated on the free money that is out there for them. For this specific reason, resources such as books, Internet sites, CDs, and tapes have been designed to aid citizens of the United States discover more tips and information regarding money from the government. There are agencies and specific people that specialize in researching grants for those that are in need of help. Various companies offer guides and resources that will help moderate the time and expenses generally required for the application process for grant programs.
Do I have to repay the grant in the event I'm approved? A grant is different from a loan that has to be paid back. Government grants are free when the funds are utilized for its expected purpose. Government grant money is intended to encourage citizens of the United States to make an absolute effort to advance their well being and community. Education grants are particularly designed to help people advance their lifetime earning potential.
Is it difficult to come by free government money? Because grants have been made known to the American public, more of the argument is about whether or not government grants are easily acquired. The truth is that there is a process for application and a level of commitment that is involved in getting approved for any government grant. It's up to the individual to fill out an application and agree to what is described in each grant program. But, of course, the process that is required is certainly worth it when you consider that the money doesn't have to be paid back.
Why does the US government give away free grant money? The government dispenses billions in free grants every year to aid US citizens with their endeavors to get money to pay bills and to make improvements in their community. As a taxpayer and a United States citizen, the government has allocated funds to work on our behalf.
Taxpayers and Citizens of the United States are eligible for many incentives from the government. It is the individual's responsibility to take advantage of the opportunities afforded them. Knowing is half the battle.
Poor financing is the number two reason small businesses fail, falling right behind poor management. Sufficient funding is paramount to the success of small businesses, and small business grants can be the answer to the problem. If business owners have the necessary knowledge about how to find and properly request grants, they have a better shot at creating a successful business that will be open longer and prosper.
There are over 300 different grants and loans available for small businesses that are just starting out. The grants range from $25,000 up to $1,000,000 depending on the size and projected success rate of the business. There are also grants available to help small businesses grow or expand. Grants are not the same as loans because they do not have to be repaid. A grant is considered free money, as well as an investment to promote the success of small businesses and the U.S. economy. Money for grants comes from income taxes. Obtaining a small business grant does not require credit checks or deposits, even if the owners have experienced bankruptcy in the past.
There are a number of helpful websites that send small businesses government grant packages for free, excluding the cost of shipping. These packages include information on how to find grants, how to prepare a grant request, and how to apply for grants pertaining to a specific business. Some of the providers are Government Funding Solutions, Grant Master, and Grant Wizard.
It is important to be familiar with the Small Business Administration's (SBA) rules for receiving grants before beginning the process of obtaining one. Although the SBA does not provide grants to small businesses, they do provide helpful suggestions and resources on how to find grants.
In order to qualify for a small business grant, individuals must first become familiar with the 13 CFR 143 document that lists all of the requirements to be eligible for a grant. This document includes information on the pre-award and post-award periods and defines all aspects of applying for a grant and states who is eligible. The CFR is the primary source of rules and regulations for small business grants and must be read before starting the grant writing process.
After reviewing the requirements, prospective business owners must write a grant request. There are professionals who will write a grant proposal or the individuals may complete it themselves. The Catalog of Federal Domestic Assistance is a helpful site that links individuals to resources about federal grants for small businesses. Afterschool.gov gives helpful tips on how to write a small business grant and, although it is geared toward grants for after school programs, includes helpful information for grant writing in general.
Additionally, there are many well-established government and private organizations that provide grants to small businesses. The Department of Justice's Ten Grant document gives access to grant opportunities for those conducting research in support of law enforcement. The Department of Labor's Employment and Training Administration has several grant opportunities for small business owners. They offer about $125 million to businesses that are based in a community setting with special attention to training programs. The Department of Transportation is another organization that offers small business grants. They offer grants to any business willing to help resolve the growing problems with the federal-aid highway program. The Department of Education has a program called e-GRANTS that locates electronic grants online. They have a detailed list of grants available and the necessary applications to fill out. There are a variety of grants available for different groups, all of which have detailed descriptions and contact information. Other organizations that provide small business grants include the EPA, the National Cancer Institute, NOAA, the National Endowment for the Humanities, and the U.S. Department of Health and Human Services.
A lot of people go gaga over the whole concept of free federal grants. The moot point is, is it really free? If you were to read Jay M. Shafritz's book 'American Government and Politics', he defines what a grant is. A grant, he says, is a gift that has certain obligations for the grantee and expectations from the grantor. A grant is no one-way street as most people looking for grants would like to believe. A grant comes to you inbuilt with the word 'obligations'. And rightly so, wouldn't you say? Why on earth should someone give you a lot of money and then forget about it? A grant is not philanthropy pure and simple. It means you have a responsibility to fulfill certain obligations.
Why are free federal grants given? They are basically dispensed so that organizations that are involved in doing work that benefits the community have the money to carry out the work. For example, the projects could be programs that train displaced workers, or street paving projects or water conservation projects or anything for the good of the community or the society. Once a grant has been sanctioned, the organization has to make sure that their functioning has certain strict performance standards. There has to be detailed and transparent auditing and accounting and the auditing has to be done once a year at least.
The other thing about free federal grants is that every cent has got to be spent. If there is any money that is left over after the project is complete, it reverts to the Treasury. The deal is that every cent should be accounted for. The goals that are set out in the program when the grant is applied for must be followed exactly as they are specified. If there are any changes in the course of the period, they must go through government procedures and get an approval. Of course it goes without saying that time schedules must be adhered to and the project must be successfully completed.
What happens if the organization does not comply with the program goals? Then, it is likely that the 'grantee' or the one who gets the free federal grant will have to pay a penalty. What form do these penalties take? This is said to be non-compliance and the penalties could range from economic sanctions to maybe even a prison term if it is suspected and proved that there was intentional misuse or theft of the grant money.
Who do most of the free federal grants go to? Most of the beneficiaries of this grant money are universities, colleges, states, cities, federal agencies and research organizations. The application process is done by experts who are well-versed in this. Which is why individuals usually do not qualify for them. Most organizations have special staff or get expertise from outside to prepare the applications and to monitor and administer the grants. It takes a lot of expense and time to just apply for a free federal grant. It also involves a great deal of legwork and going to and fro till it is finally approved. With so many cutbacks on federal spending, the chances of the grant being approved could be slim. The truth is that free federal grants are no cakewalk. They come with a price tag attached. The organization that gets it has to be prepared to deliver and deliver well.