Government Grants as a Debt Solution

Using a government grant as a debt solution is not a very popular option. In fact, for many, it's just not an option they are aware of. Why, you may ask. Is it just too unrealistic? Does the government really give out money to pay off debts? In short, yes; but there is a little more to it than that. Read on to find out more.

Government grants are the most overlooked form of debt solution available. Everyone harps on about IVAs, debt consolidation, debt management and even bankruptcy gets more attention. All these solutions can see you debt free, but there are costs associated with them and it will usually take a few years too.

With a government grant, you can become debt free immediately. You will have no repayments to make & there are no up-front fees.

So if a government grant it is so good, why is it so overlooked?

Put simply, most people do not know about them. Everyone knows about government grants for small businesses & for charity's, but not for the individual drowning in debt. Most people go straight to a debt solution company, who of course will not utter the words 'government grant' and 'free' - they want their big, fat, juicy commission fee!

So now you know all the advantages of a government grant, lets get down to business. How do you get one?

Firstly, the government is interested in boosting the economy, in helping the disadvantaged; this is the purpose of these grants. They are certainly not interested in helping you pay off your credit card bill or funding your holiday of a lifetime. If you think it's that easy, you may as well stop reading now - this just isn't for you. This article is to help individuals who, through no fault of their own, have found themselves in serious debt problems and have nowhere else to turn. It is intended to open up a solution that they didn't know existed. One that can help them regain control of their finances & get on with their lives. If this is you, read on.

People find themselves in debt for a variety of reasons & often, it isn't just overspending. The break-up of a marriage, death of a loved one or unexpected redundancy can launch a person into a sea of debt. If you are in a similar situation, you are much more likely to be accepted for a government grant.

Another factor that will be considered is your ability to repay your debts. Unfortunately for many, if you are managing to keep on top of your debts, you will struggle to get a government grant. They are set-aside for those who are really drowning in debt, with no hope of paying back the money they owe.

You are by no means guaranteed a government grant. In fact, for the majority, an alternative debt solution will be the only option. The key is being aware of government grants & checking to see if you are eligible. In the past, it has been overlooked through ignorance. Remember, there is nothing stopping you applying for one. at worst, you will be turned down & then you can look into other debt solutions - at least you will have tried!

Don't miss out on this opportunity. If you are in a helpless situation - let a government grant help you"!

Of course, there are other debt solutions. A government grant is the BEST solution. If you are not eligible for a government grant, these can still help you become debt free. Read about them at the free debt advice website.

Government Grants For Students

With much talk about reintroducing student grants in the UK, this article discusses the pros and cons of such an action. What does it mean for the taxpayer? What does it mean for the student? Have your say...

Since student grants were abolished, there has always been talk of them being reintroduced. There are those who feel there is a growing gap between the middle classes & the working classes in regard to university education. Bringing back these grants would hopefully attract more students from working class backgrounds. Unfortunately, at the moment, for many the university fees are just unattainable, especially for those whose families have a history of debt problems. Through no fault of their own, they are being denied a good education.

There is also an argument that these grants are the best way to tackle to growing gap between the number of expanding places in universities and the number of student applicants. Even for those who can afford the fees, or at least get accepted for student loans, the mounting debt at the end of their courses is a big reason why many are choosing to go straight into employment from school or college. For those who do enrol at universities, the start to their working life usually consists of a minimum debt of £10,000. What kind of a start is that, we may ask?

Then there are those who do not want to see student grants reintroduced. Many of these are taxpayers who feel their hard-earned money shouldn’t be going to fund students’ bar-bills. Some feel that providing grants encourages those who would otherwise have not enrolled, to enjoy 4 years of partying and heavy drinking, with little regard for the degree at the end. By forcing students to pay out of their own pocket, they are bound to have more motivation and dedication.

Perhaps the answer lies in-between. The most intriguing solution I have heard is one where the grant is based on the degree being obtained. Much more refinement is needed, but we can say for certain that the current set-up just isn’t working.

What do you think? Add your comments & suggestions below