For those people that are unemployed, it can be quite tough getting back on your feet. Just about everything requires money and that is something that unemployed people are short on. If you are unemployed, you might to consider your many options to get employed again. For example, perhaps you can go back to school and get a degree or you could open a business and become self employed.
If you wish to go back to college, you may want to get a Pell grant to help pay for the expenses. The best part of the federal Pell grants is that the students will not have to repay the amount of money that they would receive as grant. This is because these grants would be awarded on the basis of the financial needs of the people. The financial need formula of the federal Pell grants is decided and set by the US Congress. They judge this by using the criteria that the students submit through the Free Application for Federal Student Aid (FAFSA).
Not every student can get the federal Pell grants. These grants are exclusively designed for those families who are financially unstable and have low income and who cannot afford the expenses of quality education. Of course these requirements should be easily met by those that are unemployed. The amount of the federal Pell grants keeps varying. For the year of 2009 to 2010, the maximum Pell grant was of 5350 USD. It should be enough to cover tuition if you go to an in-state college.
Unemployed people might also want to try their hand in become self employed by starting their own business. To do so would require some money which is where grants might come in handy. There are over 300 different grants and loans available for small businesses that are just starting out. The grants range from $25,000 up to $1,000,000 depending on the size and projected success rate of the business. There are also grants available to help small businesses grow or expand. Grants are not the same as loans because they do not have to be repaid. A grant is considered free money, as well as an investment to promote the success of small businesses and the U.S. economy. Money for grants comes from income taxes. Obtaining a small business grant does not require credit checks or deposits, even if the owners have experienced bankruptcy in the past.
In order to qualify for a small business grant, individuals must first become familiar with the 13 CFR 143 document that lists all of the requirements to be eligible for a grant. This document includes information on the pre-award and post-award periods and defines all aspects of applying for a grant and states who is eligible. The CFR is the primary source of rules and regulations for small business grants and must be read before starting the grant writing process.
After reviewing the requirements, prospective business owners must write a grant request. There are professionals who will write a grant proposal or the individuals may complete it themselves. The Catalog of Federal Domestic Assistance is a helpful site that links individuals to resources about federal grants for small businesses. Afterschool.gov gives helpful tips on how to write a small business grant and, although it is geared toward grants for after school programs, includes helpful information for grant writing in general.
Additionally, there are many well-established government and private organizations that provide grants to small businesses. The Department of Justice’s Ten Grant document gives access to grant opportunities for those conducting research in support of law enforcement. The Department of Labor’s Employment and Training Administration has several grant opportunities for small business owners. They offer about $125 million to businesses that are based in a community setting with special attention to training programs. The Department of Transportation is another organization that offers small business grants. They offer grants to any business willing to help resolve the growing problems with the federal-aid highway program. The Department of Education has a program called e-GRANTS that locates electronic grants online. They have a detailed list of grants available and the necessary applications to fill out. There are a variety of grants available for different groups, all of which have detailed descriptions and contact information. Other organizations that provide small business grants include the EPA, the National Cancer Institute, NOAA, the National Endowment for the Humanities, and the U.S. Department of Health and Human Services.
With some many grant options available to the unemployed, there should be no reason for anyone not to get their hands on some funding in order to pursue their interests. All you need is a willingness to put forth effort to apply and you should be able to get a grant.