![]() In contrast, personal grants are assistance programs that help individuals and families lower their everyday costs and get back on their feet. Only a few specific institutions will qualify for actual “grants.” Institutions like universities, non-profit organizations, research labs, and state and local governments. The federal government provides all kinds of assistance to bridge the financial gap. Federal Hardship Grants Provide You Fast Cash Always check the specific terms and conditions of any grant or loan you are considering. *Please note that this is a general comparison and specific grants or loans may have different characteristics. Widely available from various sources, including banks, credit unions, and online lenders. Typically involves a credit check and proof of income. Often involves a detailed proposal or application. Typically must be used for a specific purpose outlined in the grant agreement.Ĭan usually be used for any purpose, depending on the type of loan. ![]() Non-repayable funds provided by government, foundations, or other entities for a specific purpose.īorrowed money that must be repaid with interest.īased on need, merit, or a specific purpose.īased on creditworthiness and ability to repay. It’s a good idea to review the differences between grants and loans if you need financial assistance. As mentioned on the federal grant website, a hardship grant is “one of many different forms of federal financial assistance.” 1īelow are some places to start when looking for emergency hardship financial aid to make ends meet. The good news is that there are hardship grants to provide you with fast cash when you need it most. If you are financially struggling, you may be wondering whether there is help.
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