GovernmentGrants

Buying a home for the first time is a big deal for many Americans, as they need to have enough cash to make a down payment, and cover the basics. A first-time home buyer is anyone who has not owned their primary residence in the last three years. This three-year cut-off period is based on the upcoming purchase property’s closing date. Nevertheless, arranging for cash is a big issue for first time home buyers. However, they can gain access to cash to help them pay for down payment, mortgage, and other closing costs. Grant money helps the local community at large by building stability and generational wealth, and also increases local spending, that benefits small businesses in the area.   While eligibility requirements for first time home buyer grants may vary, there are some common requirements, like: The applicant should earn 80% or less of Area Median Income (AMI)    Many grant programs stipulate the applicant to chip in some cash      Your spend...

Education grant for colleges is the free money that is provided to needy students to help them pay for their education. Unlike student loan, you do not have to repay the grant money accept under certain circumstances, like you withdraw early from the program for which grant was given, there is a change in your enrollment status. Grants also differ from scholarships which ae typically given on the basis of some kind of ability, ethnicity, or religion. On the other hand, educational grants for college are typically need-based,, many of which are awarded on your family’s economic situation. Expected Family Contribution (EFC) is the number used by your school to calculate how much financial aid you are eligible to receive. Pell Grant is one of the most popular and familiar grant, but may education grants for college are awarded irrespective of income. Any US citizen, or non-citizen who has completed high school, can apply for educational grants for college, based on their eligibilit...