Federal Grants And Other Economic Aids
What’s clear about federal grants is that it is not used to acquire or pay for property and service. Unlike loans, grant recipients would not be paying back the grant but they are required to submit complete audits of the grant money and return the unspent amount to the agency that rewarded the grant.
Federal grants are economic aids that the United States government provide to its institutions, agencies, organizations and people. But aside from grants there are also other economic aids that the government offer to its citizens.
The Catalogue of Federal Domestic Assistance or CFDA has the listings of differed benefit programs that can help those in need. Benefits assistance and programs listed in CFDA caters to state and local governments, federally- recognized Indian tribal governments, private profit and non-profit organizations and institutions, specialized groups and also for individuals.
Here re some types of federal benefit programs that the government offer to individuals and organizations in need:
• Loans – these are financial assistance where money is lent to the person who is need for a specific period of time and how much would be paid back. It may or may not incur interest.
• Insurances – these are financial assistance that can reimburse losses that was sustained in different reasons like accidents.
• Use of Property, Facilities and Equipment – federal facilities or property can be used on a loan. But it is clear the property or the facility does not remain as property of the recipient of the assistance.
• Advisory Services and Counseling - with this federal assistance, you get to have a federal specialist that you can consult with, seek advise from, or invited to counsel individuals, groups or communities.
• Dissemination of Technical Information – these federal programs provides assistance with the publication and information dissemination about certain issues. This is commonly provided or used through libraries.
• Training – this is a common financial and economic assistance. Employees or individuals who are not employed by the Federal agency are given instructional or educational activities and seminars.
Students also receive different kinds of financial assistance. College could really be very expensive and financially difficult to deal with especially if the student comes from a low-income earning family. Federal grants are given to students and you do not have to pay them back. The student just need to qualify or meet the standards of the federak agency granting the aid. College students are also offered with the following kinds of assistance from the government:
• Loans – there are different ways on how students can apply for loans, it can be government or private loans. Government loans offered through the school’s counselling office can be enough to cover tuition, housing and other expenses. The loans that you would have will be determined by the income bracket the student is in. Compared with private loans, like the one from the bank, government loans are more reasonable with their terms and rates.
• Scholarships – like grants, you do not have to pay them back. But financial need is not the only basis of getting the aid, academic and scholarly merit are also bases of getting the assistance. Almost all school offer scholarship, students just need to coordinate with the school counselling or assistance office to inquire about scholarships offered.
With the economic crisis still continuing to create havoc in people’s lives, more and more Americans tend to sacrifice education, health, house renovations and other needs just to get by. But these federal grants and assistance programs are there to provide assistance and we should take advantage of it.
Comments
Menu
My Articles
Senior Citizens And The Federal Grant They Can GetTips On Writing A Federal Grant Proposal
Federal Grant For Small Businesses
Federal Grant Categories
The Disparity Between Federal Grants And Private Grants
How To Apply For A Federal Grant For Housing
What Government Agencies Give Out Federal Grants
How To Write A Federal Grant Proposal
Federal Grants And Its Role In Health Care
Should You Hire A Professional Writer For The Federal Grant
Federal Grant Program For Education
Federal Grants And Other Economic Aids
How To Apply For Federal Grants
Federal Grant As Debt Relief
What Is A Federal Grant
Federal Grants Assisting Women
Federal Grants For Minorities
Federal Grants And Education
Federal Grants And Housing
Federal Grants And Disability
What Are Federal Grants?
Federal Grants For Teachers
Who Are Eligible For Federal Grants
Types Of Federal Grants
Related Sites | My Articles Federal Grant As Debt Relief The government offers federal grant and financial assistant to hose who are.. Federal Grants And Housing The United States has been facing an economic slowdown, the economy is.. How To Apply For A Federal Grant For Housing Do you need money? All of us do especially during the time of a recession when.. Tips On Writing A Federal Grant Proposal A federal grant is financial aid awarded by federal.. |
|
|
|
|
Related News:
|