Who wouldn't love to receive absolutely free government money?
Finding Free Money
Although it's true the government does have a number of programs that provide grants and other financial assistance, receiving this money requires a significant time investment on your part. It's important to realize that the government isn't just handing out blank checks to anyone who asks. Keep in mind the following points:
- Free money is only available to people who meet certain eligibility requirements.
- Free money must be used for a specific purpose. For example, you are not allowed to use a college grant to pay for a new stereo system for your car.
- If you provide false information in order to receive government money, you can be charged with a crime.
- Funds for grants and other financial assistance programs are limited, so there's no guarantee everyone who qualifies will receive the money.
Free Money for College
If you'd like to go back to school to earn your degree, the United States government is a wonderful resource. Federal Pell Grants provide up to $4,700 per year for low-income college students to pay for tuition and fees. Some students who are eligible for Federal Pell Grants can also receive Federal Supplemental Education Opportunity Grants ranging from $100 to $4,000. Additionally, students with low incomes and solid academic achievement records can receive Academic Competitiveness Grants of up to $750 for the first academic year of study and up to $1,300 for the second year of schooling.To begin receiving absolutely free government money for college, fill out a Free Application for Federal Student Aid FAFSA. Then, visit LoveToKnow College for more tips on the financial aid process.
Free Money to Start a Business
Finding money to start your own business can be tricky, but it's not an impossible task. If you visit your state's economic development agency Web site, you can learn more about financing opportunities. Even if you can't find any grant programs that you are eligible for, you may be able to receive tax abatements, urban renewal set-asides, or in-kind credits to help reduce the cost of starting your business.
Members of traditionally under-represented groups have additional opportunities for business financing. For example, the U.S. Department of Commerce Minority Business Development Agency encourages minorities to fulfill their entrepreneurial goals by providing grants, loans, and business development assistance.
Free Grants to Repair Your House
Homeownership is a vital part of the American dream, but paying for needed home repairs can be a strain on your budget. Luckily, help is available to those who qualify. For example, the U.S. Department of Energy operates a weatherization assistance program to help low-income families reduce their utility bills by making their homes more energy efficient. If the repairs are needed as the result of damage caused by flooding, tornadoes, hurricanes, or other natural disasters, FEMA may be able to provide monetary assistance.
Assistance with Healthcare Needs
For many people, coping with rising healthcare costs is a significant concern. The following are examples of some of the government programs that address this issue:
- Medicaid coverage is available to certain low- income individuals and families.
- Medicare provides health insurance coverage for people age 65 or older, some people with disabilities under age 65, and people of all ages with End-Stage Renal Disease.
- Insure Kids Now! helps parents learn more about health insurance options for their children.
- The Vaccines for Children Program provides free vaccines to children who are either uninsured or underinsured.
Resources for Absolutely Free Government Money
To learn more about how you can receive absolutely free government money, LoveToKnow Save suggests visiting the following helpful resources:
- USA.gov provides a listing of links to information about government programs ranging from adoption assistance to youth education.
- GovernmentBenefits.gov lets you search through more than 1,000 government programs to locate funding opportunities to fit your specific needs.
- Grants.gov helps you research and apply for various federal government grants.