You must have seen ads of the government giving nearly a trillion dollars a year in grants and loans. It is indeed good to know that you are getting back some of your taxes.

However, there many things you probably wouldn’t know. First of all, that grants are handed out by many organizations, not the government. You can get the money from them only if you can prove what a fantastic idea you have, stating all the nitty-gritty of the project.

You have to convince them with documentary details about the specific goals and also show the results when the project is completed. It’s very hard to find an organization that is willing to give you money to consolidate your debt.

Moreover, many of these organizations and commercials are scams and nothing more. They are waiting to loot you instead. Others will make you pay through the nose for the services they render. So much so that you feel you were better off without the loan or grant given by the government.

Also, beware of the companies that claim to be with the United States Department of Grants. They are frauds because there isn’t one department. There are several federal agencies that have grant programs, but there is not one department that is in charge of them all.

In order to get a grant, you have to first submit a proposal to a federal agency describing what you are going to do with the money. Secondly, you may have to hire a grant writer to write a grant and you. Thirdly, you will have to wait a long time for the agency to approve or deny your request.

Finally, if you are approved then you have to give a quarterly report describing how you are spending the money and what you are spending it on. Basically, you have to fill a mountain of forms before you see the color of money.

On the Internet and in classified newspapers, you see all sorts of advertisements stating that they can get you a grant for a fee, because they claim, ‘Free Grants Never Repay.’ They guarantee acceptance of your application for grant.

Now, if you get taken in by such an ad and call them, you will be asked a variety of questions by a company representative. Then they tell you that you are eligible and that you have to pay a fee to get the information from them.

If you pay the fee you get a package with an application. In case you are denied a grant by all of the agencies within 90 days, you will get a refund of the fee. This is next to impossible. All you get in return is the name of a grant source and the application sent to you in the mail. In some cases, you may never even receive the application or the source and the company just disappears.

You must know that grantors don’t give you money for personal needs. They want to see their money serve your community or the country in some way. For instances, colleges receive grants for research and sometimes it is difficult for them also to get past the cumbersome procedure.

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Sarah Newman