Wednesday, May 23, 2012
A government grant is an award of financial assistance from a government agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of that country. Grants are not loans or assistance to individuals."
This is yet another myth about government grants. You really have to look into government grants to find out the truth - which is that there are many, many programs out there that are government grants that provide financial assistance to individuals.
The one that comes to my mind is the government grant program that provides financial assistance to those that are having problems paying their heating bills - especially during the winters when it is most needed. This is a government grant program where you have to fill out some paperwork to show that you meet the eligibility requirements and if you do meet them they will provide a payment to your heating / utility company. This is a government grant program that you do not have to pay back!
There is yet another grant program that provides loans to homeowners who are having trouble making their mortgage payments and who maybe facing foreclosure. This is a government loan program and it is not a government grant.
These are just 2 examples that dispel the myth that is mentioned above. If you have your doubts about government grant programs, the best way to solve that doubt is to find out more about government grants and what they are all about.