The Government gives away billions of dollars every year in form of benefits, grants, and loans. Deserving citizens can get money for buying or remodeling homes, starting up a business and even going back to school. Most people are unaware that this free money from the government is available.
The government has been doing this for years and in 2010, for example, gave away $800 billion. The amount is getting bigger as more people become aware of the benefits and grants. Regardless of income, credit, sex or race, these programs are available for everyone.
Who Knows About Them?
The main reason people do not apply for government money is that they are unaware that these programs exist. The government doesn’t advertise, and therefore unless a person works for the government or is up to date with these grants, they have no way of knowing.
The money the government gives you is tax-free, never has to be returned, but getting it can be slightly tricky. Though applying for these programs requires following specific rules, guidelines, and regulations for approval, they are well worth the effort.
How to Apply
The application procedure for each type of grant or benefit is different and can be consulted on the official pages of the programs. Typically, when applying for these programs, a grant letter is required, which is usually just a letter outlining your need for the money, along with the how you are going to spend it. However, the way in which the grant letter is written will have a great impact on the approval of the grant money.
Some Useful Programs
You can find the information online if you know where to look. Just make sure that the grant and benefits database is up to date.
A good rule of thumb to remember is that any remote firm that declares to have elite access to government free money, is not a legitimate one. The only way to obtain these funds is to apply for them directly with your government.
1. Unclaimed Money
Unclaimed money presents a huge problem to the government because they cannot use money that legally belongs to citizens. The amount is a staggering $42 billion of unclaimed money. The money comes from utility deposits, uncashed paychecks, lost savings bonds, safety deposit box contents, and unclaimed insurance benefits to name a few. The government sometimes advertises that people should check. If you think you might be lucky because you were absent-minded check these two sites:
2. Unclaimed Pension
If you or a family member has been eligible for pension payments and none have been forthcoming, the money may still be able to be claimed. Visit the Pension Benefit Guaranty Corporation (PBGC) to see if your name is listed in the “Unclaimed Pensions” page.
3. Unemployment Benefits
If you have been made redundant from your job or your employment has been ceased, you may be eligible for state unemployment benefits. CareerOneStop is operated by the U.S. Department of Labor. You will receive a decision within four weeks.
4. Food Assistance
As wealthy as America is made out to be, there are still people living in and on the edge of poverty. People still struggle with getting food and there are three programs where you can apply for relief:
- Supplemental Nutrition Assistance Program (SNAP)–More commonly known as “food stamps,” SNAP is a monthly debit card that pays for the core food staples that your family needs most.
- Women, Infants, and Children (WIC) provides benefits to supplemental foods, health care referrals, and nutritional education to low-income women that are pregnant, breastfeeding, or postpartum of children less than 5 years old.
- The National School Lunch Program offers free or reduced rate lunches to school-aged children every school day. During the summer, children can receive food aid with the Summer Food Aid Service Program until they turn 18 years old.
5. Social Security and Disability Benefits
There are two different sides of the Social Security program. In addition to receiving a Social Security benefit in retirement, you can also receive Supplemental Security Income and Social Security Disability Insurance when you are still of working age and cannot earn a regular wage.
6. Child Care Assistance
One of your largest monthly expenses can be child care. Your state’s Child Care and Development Fund can offer income-based financial assistance to pay for your childcare bills so more of your income can be used for other essential monthly expenses.
7. Low Income Home Energy Assistance Program
If you have trouble paying your electric bill or heating bill, the Low Income Home Energy Assistance Program (LIHEAP) will provide the necessary funds to ensure you stay cool in the summer and warm in the winter.
8. Home Mortgage Payment Assistance
If you are struggling to make your current home mortgage payment, the Homeownership Preservation Foundation offers a free hotline that puts you in contact with a foreclosure prevention specialist.
And there’s More
These listed benefits and payments is just the tip of the iceberg. There are at least another 20 similar benefit type payments available for a number of different reasons. In addition to the benefits programs there are grant programs through which the government provides funding for various home-based projects that will benefit the community.