subject: Free Debt Relief Government Grants – Obama's Debt Assistance Plan [print this page] Free Debt Relief Government Grants Obama's Debt Assistance Plan
President Obama has made it clear that he is working to assist many consumers who are in desperate need. Read below to find out how you can take advantage of free debt relief government grants
In tough economic times it is important for the Federal government to step in and shake things up a little bit to help the economy get back on track. The first thing that needs to happen if the economy is going to stabilize is there needs to be increased consumer spending.
Aurora Lillo Editor of the "Government Grants For Debt Relief" website -- http://www.GovernmentGrantsForDebtRelief.org -- pointed out;
"...This is something that President Obama has made clear that he is going to try to stimulate. Whether it is a tax credit for buying a new house or car, a free $300 stimulus check for all taxpayers, or government grants for people in need he has been trying to help. The federal grants are one thing that has not been highly publicized. One group of people that can really benefit from specific grants are people that are having difficulty repaying student loans..."
Not consolidation, just wiping debts clear:
Every year the federal government sets aside billions of dollars for grants to help people in financial trouble. A large portion of this money is specifically for people trying to repay student loan debt. This is NOT debt consolidation or just a lower interest rate. This is a FREE government grant, intended to help people who are defaulting on their student loans to get caught up with their finances.
Who is eligible?:
Not every person who is having a difficult time repaying their loans is eligible for Obama's grants. These are reserved for those that are already in default, or that can show on paper that they are headed towards default. These grants are available for these people because the economy needs them to have more spare money to spend on, well, spending. Defaults on loans mean that these old students are paying hefty fees and are receiving higher than usual interest rates, which will only make it more difficult to get back to paying towards their principle.
Free with no collateral needed:
"...These grants are completely FREE. Again, this is not a loan. There are no interest rates and no fees to sign up. Even better, there is no need to put down any sort of collateral because there is no fear of default. Your credit score does not come in to play either. Be sure to check out how Obama is looking out for those in student loan default and get your free grant today..." added A. Lillo.
Further information about debt relief government grants by visiting: http://www.GovernmentGrantsForDebtRelief.org
