Wednesday, February 11, 2009

Free Money

Nothing is better than free money, particularly if it will be used to pay debts or for something necessary such as college education, car premium and many others. These days, the largest sources of free money are the government grants such as state or federal grants. Free money from government, otherwise known as grant money, typically depends on the assistance that you need and is usually a “first-come, first-served” offer. You can only avail yourself of free money from government once you meet the eligibility requirements of a particular grant program. Also, you need to be aware of the available free government money and grants that can help you in your financial problems.

If you want free money for your college education, the government has four kinds of grants – the federal pell grants, institutional grants, Federal Supplemental Education Opportunity Grants and state grants.

The biggest grant program so far is the Federal Pell Grants which are mainly based in the assistance needed by the student, is determined using the guidelines approved by the federal government. The Federal Supplemental Education Opportunity Grants are designed for students with greatest needs. Just like in Pell grants, the students can apply on this free money grant via the financial assistance office in their college.

The state grants are some kind of free money program given by the state for students and which are also dependent on the student’s need. To apply for this grant, you can check the website of your state or the site of the higher education commission. Moreover, institutional grants are offered by the colleges themselves. They are usually given out if the state and federal assistance is not enough.

Ways to Make Free Money

If you are resourceful enough, you can find multiple ways to make free money without even leaving your house. Don't participate in anything that costs money.

There are plenty of free ways to make money online though, such as filing out surveys, writing blog posts for people, or doing internet research for websites that have people paying to have their questions answered.

One of best ways to make free money online is to participate in sweepstakes. It's like playing the lotto, except it's a drawing with far fewer people playing - and it's free.

How to Find Free Money in Five Minutes

This money is totally legal. Where does this money come from? Actually, many states auction off the property - think eBay - and then hold the money until they can find the owner.

Imagine it, the government looking for you - to GIVE you money! Each state has various ways of trying to connect people with their lost assets. Some states set up displays at public events, libraries and fairs. Most states have their own database that you can access by going to the state's Website.

A wonderful resource for anyone looking for unclaimed property is www.missingmoney.com, a site run by the National Association of Unclaimed Property Administrators. It contains a wealth of information on abandoned property, and contact information for each state. Sometimes called heir finders or asset locators, the firms help reunite owners with their property for a fee. Once you've located your own abandoned property, spread the word. There are billions of dollars out there just waiting to be claimed.

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