Government grants are awarded by numerous federal agencies. The grant recipient is required to carry out a specific public purpose by receiving this government grant funding. The government grant funding is there to assist and support the government in providing a meaningful service. These federal government grant funding awards are not federal assistance or loans to individuals. Grants may not be used to acquire property or services that in any way benefit the federal governments directly. In all, numerous federal agencies offer well over 1,000 government grant funding annually in various categories.
Many types of government grant funding are focused on education and career enhancements. Some types of government grant funding are college grant, grants for women in business, home improvement grants, first time home owner grants, to name a few. There is also government grant funding for small business, student loan consolidation, economic stimulus, plus environmental and social improvement based government grant funding. Energy, health, food and nutrition, science, humanities, community development, and disaster relief also are included as government grant funding beneficiaries. Additionally, there are even special grant programs dedicated to addressing the common needs of citizens who belong to specific ethnic, religious, and socio-economic backgrounds.
Most people are either unaware of government grants or indifferent about their ability to secure them. They feel that applying for government grant funding involves too much paperwork. People believe that there are strings attached. The truth is getting government grants is fairly simple, mainly because the government is mandated by certain laws to give these grants away for the benefit of its citizens. All you need is some basic information to qualify for government grant funding. Requirements for government grant funding is relatively straight forward, with the only real requirements for getting government grant funding being that you must be at least 18 years of age and a citizen. Everything else is dependent on other variables based on the type of loan you're applying for.
While there have been national stories related to abuse of the government grant funding system, in reality, the government grant funding process is a thorough and time consuming undertaking. Most anyone can apply for these grants if they have a computer and internet connection. The application can be tedious, with awards for government grant funding taking several months to determine the eligibility of applicants. But when you consider the red tape that is a necessity to secure government grant funding, the effort far outweighs the potential benefits. With the current challenges in the world economy, government grant funding can be an excellent financial alternative.