| Government issued grants for the sole purpose of | | | | costs, there are also grants to help pay for medical |
| debt relief aren't generally thought to be available to | | | | needs such as prescriptions, nursing home care, and |
| individuals, but rather to other countries, larger entities | | | | dental care. |
| and government-supported programs. However, | | | | Besides government issued grants, there are also |
| grants are available to individuals for numerous | | | | "foundation grants," which are given to small |
| purposes, such as starting your own business or | | | | businesses and individuals by large corporations or by |
| repaying tuition costs, and ultimately can be used for | | | | private citizens who will in turn use the grants as a tax |
| personal debt relief. | | | | write-off at the end of the business year. In many |
| Each and every year, billions of dollars are allocated | | | | places, private foundations who claim a non-profit |
| for the use of government grants. Although many | | | | status are required by law to allocate so much money |
| people aren't aware they even exist or simply feel | | | | for grants and funds in order to retain their status as a |
| they aren't qualified and don't bother applying. Grants | | | | non-profit entity. |
| obtained through the United States government do not | | | | Governmental grants used for debt relief or reduction |
| have to be paid back and are also interest free and | | | | are available to all citizens of the United States from |
| non-taxable. | | | | the federal, state, and local governments, or |
| A grant for personal debt relief, or debt reduction as it | | | | privately-funded foundations. There are grants |
| is sometimes called, may be considerably easier to | | | | available to assist citizens with cost of living expenses |
| obtain than a traditional loan through a bank or other | | | | such as mortgage payments, utility bills, or even for |
| financial lender. This is particularly true for those people | | | | home improvement needs. |
| with less than sterling credit, since unlike loans, grants | | | | Many grants are available for special interest groups, |
| don't require credit checks, co-signers, collateral, or | | | | such as minorities, women, veterans, artists, first-time |
| security deposits. | | | | home buyers, and the disabled. There is also no limit |
| Starting a business that is funded by a government | | | | for the amount of grants you may apply for, provided |
| grant is an excellent way to generate more income in | | | | you meet the eligibility terms and conditions of each |
| order to repay your existing debt, and also for paying | | | | grant. For an individual to apply for a grant for the |
| off business-related expenses. There are grants | | | | purpose of debt relief, they must prove a need, meet |
| available in the hundreds of thousands of dollars for | | | | the outlined requirements, and in most cases, write a |
| entrepreneurs to use for paying off debt that was | | | | grant proposal. |
| previously accrued, or for start-up expenses, | | | | A grant proposal usually includes a summary, a |
| equipment, and legal expenses. For those people who | | | | statement of need, a description or outline of your |
| have found themselves in debt due to heath care | | | | plans, and the conclusion. |