We are living in tough economic times. Everyone has been affected by the recession. Although there is no simple solution, the federal government has implemented programs to aid in the relief of debt for the average American.
We are all aware of aid given to big businesses, banks and other lending institutions to help offset the negative debt on their books. Federal dollars have been given to individual states to aid in paying for state programs in need of funding. But, how has the federal government helped the little guy, the average American citizen drowning in debt?
Government grants, although not a new program, requires the government to make available millions of dollars annually in the form of grants. Anyone age 18 or over and an American citizen qualifies to apply for these grants. Most grants are for specific uses, such as starting your own company, continuing education, purchasing a home or even repaying personal debt. There are many grants available.
In addition, the federal government has increased programs for purposes of education in the form of increased allotments for Pell Grant recipients, tax exemption and breaks for money spent for education, as well as scholarships for low and middle class families. These funds can be used not only for tuition and educational expenses, but living expenses as well, taken financial burden from the household. These funds are available for traditional campus institutions, as well as online universities and accelerated specialized programs. The best part, they never have to be paid back.
Qualifying is easy, so apply soon to get rid of your debt!
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