There are more ways to get financial assistance from the government than you think. Whether you’re looking for help to go back to school, buy a home, or find a daycare to look after your kids, opportunities are out there. This article will go over some of the best ways to get money from the government.
College Grants
Getting a Pell Grant can make it much easier to pay for those high college tuition costs. Students who are eligible can receive up to $6,495 for the upcoming 2022-2023 school year. The total amount of Pell grants are based on a student’s financial need, the tuition of the school they’re attending, and what the student’s enrollment status is.
The first step in applying for college grants is to complete a Free Application For Federal Student Aid (FAFSA). This form can be used to qualify for several other grants and scholarship opportunities so it’s a must that you complete it.
Other examples of federal grants for college are the Federal Supplemental Educational Opportunity Grant, the Teacher Education Assistance for College and Higher Education Grant, and the Iraq and Afghanistan Service Grant.
Home Buying Assitance
If you’re looking to buy a home but can’t afford the down payment, you can see what kind of assistance may be available to you. With these grants and loans, you’ll get help paying the upfront cost of buying a home.
The type of financial assistance you can get for buying a home depends on what state you live in. However, many people get a grant of up to 5% of the home loan value for covering the down payment and closing costs. And it’s not just for low-income borrowers. Many of these down payment assistance options are for people with an annual income of $105,000 or less.
Money for Child Care
Many low-income families struggle with affording daycare. That’s why the U.S. Department of Health and Human Services’ Child Care and Development Fund is something to look into. These grants are based on income and usually cover the daycare costs for children under 13.
Get Help To Achieve Your Goals
We all have goals we want to accomplish in life, and some of the best ones require some help. That’s why if you’re struggling to get more education or to buy a new house, you’ll want to see what type of help is out there. So be proactive in your life and take advantage of these financial opportunities.