Millions of Americans face economic hardships. In recent years, it seems like the number of individuals who are struggling financially is growing. Countless individuals are having a living paycheck to paycheck and are having a very hard time making ends meet.

For those who are suffering financially, taking out personal loans is an option; however, the problem is that loans need to be repaid with interest and in a certain timeframe, and often the interest rates on personal loans are astronomically high, driving those who were already struggling into further economic crisis. Furthermore, personal loans aren’t an option for everyone. Those who have bad credit, which often occurs as a result of financial hardships, may not able to secure a loan. Lenders view those who have bad credit as a red flag, and therefore, will not approve a loan.

Fortunately, there is a way that those who are in need of financial assistance can secure the funds that they need without taking out a loan. How? – With personal grants.

What is a Grant

A grant is money that is provided by the federal government, non-profit institutions, or for-profit organizations. The money that is awarded through a grant never has to be repaid, which is why grants can be an extremely beneficial way to secure the funding that individuals need without going even further into debt. Additionally, those who are unable to secure a loan because of they have bad credit or no credit can also secure the money that they need with a grant.

The majority of the grants are issued to organizations and institutions, such as hospitals, research centers, institutions of higher education, and non-profit establishments. There are some personal grants available, however, as well as other forms of government assistance, that do not need to be repaid.

It’s important to note that personal grants cannot be used to pay off personal debt, such as credit cards; however, these grants can be used to provide financial assistance for those who are struggling to pay for a variety of life necessities. If you are in need of extra money and are interested in learning about personal grants, read on to find out more about the options that are available to you.

Types of Personal Grants

There are a wide variety of government-funded grants that are intended for personal use. Some of the different options include:

If you are having a hard time paying for your housing, you have been overwhelmed by student loan debt, you have extensive medical bills that you cannot afford to pay, or you are having a difficult time paying for healthy food, there may be a federally funded personal grant available for you.

Where to find

To find a full list of the different types of government grants that are available for personal use, visit This website serves as a comprehensive database of the different types of federal grants that are available. From here, you can browse through the different options that are available, as well as learn about eligibility requirements, and how to apply. You can even download different grant applications.

How to Apply for Personal Federal Grants

While personal government grants can be a viable option for those who are struggling financially, it’s important to understand that this free money isn’t available to everyone; nor is it easy to secure. You will need to meet stringent eligibility requirements, and even if you do meet the requirements, you will still need to apply in order to prove your eligibility and for the government to determine whether or not you should receive funding.

To apply for a federal personal grant, you will need to submit a detailed application, as well as any requested documentation. You may also be required to submit a proposal. All of the necessary paperwork will need to be submitted by a specific due date, otherwise, the application will not be considered.

What to do next?

Once you’ve supplied all of the necessary details, the powers that be will review your application to determine if you are eligible. There is a chance that you could be rejected; for example, while you may be eligible, someone else may be in a far worse situation than you are in. in this situation, the government may decide to grant that individual the funding that you have applied for. If your grant request is approved, receiving the funds can take time; weeks or even months. But, with all of that said, if you are approved for a federal personal grant, the money you receive could be extremely helpful and ultimately help you overcome the economic hardships you are facing.

Should You Apply for a Personal Grant?

If you are struggling to make ends meet and you could benefit from free money, applying for a personal grant can be a viable option, especially if you are unable to secure a loan or if taking out a loan is not in your best interest.

A personal grant could significantly improve your situation, therefore, if you are facing financial hardship, applying for a federal grant could certainly be beneficial. If you do decide to apply, make sure that you choose a grant that meets your specific needs and read through all of the fine print to determine whether or not you are eligible. If you are eligible, make sure that you find out exactly what you need to do and provide in order to apply.

Bottom Line

Though applying for a personal grant can be a lengthy process, if the government does determine that you are eligible and issues an approval, a grant can make a substantial difference in your life; it could provide you with the financial assistance you need to improve your situation.