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« Back to articles from category "Career"

The following article was published in our article directory on December 12, 2011.
Learn more about SpinDistribute Article Distribution System.

What Are Government Grants?

Article Category: Career

Author Name: chickie maxwell

Government grants are financial help given by a particular federal agency. The government has created grant programs to assist in business, housing, education, hospital and medical needs of qualified applicants. These grants include free money for starting a business, scholarships, tuition fee grants, minority grants, women-owned business grants and research. They can also come in forms of housing grants, apartment grants, construction grants, land development funds and other grants are examples of real estate and housing federal grants. There is also home repair, personal assistance, debt consolidation, childcare and medical bills grants are some examples of federal grants which are provided for the needy people through a government program for people at need.

Who gives the grant?

There are 26 different government agencies that will offer these grants with the help of their different departments.

The United States federal government was already able to fulfill more than 1000 government programs for last year, 2010. It was able to fund around 1.7 billion dollars to individuals for federal grants. Aside from all of these, there are about 30000 Private Foundations, 24000 state programs and 20000 scholarship programs that are offered for the citizens of the US.

Is it possible to apply for various grant categories?

A person can be provided money from various categories as long as he is qualified for the grant. The qualifications for grants also extend even to those who have bad credit history. Government grants do not look for collateral, credit checks or co-borrowers because they don't have to be repaid.

How is a grant examined?

Government organizations that accept grants are subjected to strict control. They should be able to meet the preferred government standards during the funding and the project period of the grant. Program goals should be created watchfully, approved appropriately and executed correctly as stated in the application for the grant. If there are any changes on the project, they should be approved by the government first. Every phase of the project should be done on time and with provable success. Expenses should also be strictly accounted for and the amount not sent should be returned to the Treasury. The US government creates a comprehensive auditing at least once every year.

If the grant recipient fails to do any of the conditions above, he or she may suffer penalties, which can range from economic sanctions to being put in jail.

How do I apply for a government grant?

In order to apply for a grant online, you can check the list of available government grants through their official website. Or, you can also apply for these grants through different companies that provide online services for applications of these grants. Seeking the help of other people such as companies that help in grant applications can reduce the risk of committing errors in the application, increasing the odds of getting approved.

Nowadays, an application for a grant can let you start your own business, finish your college education, build your own house, pay for your hospital or personal needs and you can all do this online.

About the Author: MyReviewsNow offers advice about government grants. To learn about government grants, visit us at MyReviewsNow.net.

Keywords: government grants

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