Question about FINANCIAL ASSISTANCE GRANTS?
i.will.survive. asked:
Im a 21 year old individual who is swimming in debt. I heard about federal and state grants offered to individuals who need assistance. Although i have found the site grants.gov, I cannot seem to find information on grants offered for debt relief for individuals in my circumstances. I am looking to get out of all my debt that i cannot seem to repay. because i just want to go back to college. Any help on this would be great. Are there any free legitimate sites out there that can help you find debt relief grants ?
moon bunny, id like to ask you a question about the government loan.. is that something that can be used for education tuition and partially used for decreasing credit card debt? How should i go about this? Thanks
Carlos
Im a 21 year old individual who is swimming in debt. I heard about federal and state grants offered to individuals who need assistance. Although i have found the site grants.gov, I cannot seem to find information on grants offered for debt relief for individuals in my circumstances. I am looking to get out of all my debt that i cannot seem to repay. because i just want to go back to college. Any help on this would be great. Are there any free legitimate sites out there that can help you find debt relief grants ?
moon bunny, id like to ask you a question about the government loan.. is that something that can be used for education tuition and partially used for decreasing credit card debt? How should i go about this? Thanks
Carlos
Tags: Ask Question, Debt Relief, State Grants
July 23rd, 2009 at 2:40 pm
Rhonda
the only grants in your case i could think of is welfare and food stamps — or you might downsize and get a part time job!!!
July 25th, 2009 at 1:51 pm
Lawrence
Financial assistance grants for students is tougher than for anyone else. If you are an individual alone, it’s a little bit easier. For example, have you ever heard of the Pell Grant? It is a financial assistance grant for students that helps them when they can’t help themselves or don’t have parental support. Also, there are many service and work programs.
But honestly, if none of those appeal to you, the best thing you can do is get a loan. I know loans aren’t appealing, and I certainly didn’t want one, but I applied for student loans. The Federal government is very willing to work with you for the payment of those loans, and unlike some financial institutions, they don’t track what you do with your money. So technically you could blow it, but if you’re smart and serious about attending school, then you could use half the money to pay tuition, and the other half to pay down debt.
But I feel I must warn you, if you’re looking to go the credit card route, don’t! My husband got a credit card in college, and put his tuition on it, and anything else he felt like. To this day, we are still struggling with his credit card debts from college, while my student loan debt is completely managed and taken care of.
Just something to think about.
July 28th, 2009 at 9:23 am
Victoria
I don’t believe there are any grants for debt relief. At your age I would assume you don’t have a lot of assets either. I think your best bet is to talk to an attorney and file a chapter 7 bankruptcy. This will discharge all your debt except for taxes or federal loans.
July 30th, 2009 at 12:35 am
Micheal
Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News special edition.Check it out here: