How to Apply for Federal Assistance
Individuals and organizations can use the Educationmoney.com directory to locate federal assistance programs to procure student loans and get more information on how to refinance student loans, and follow the guidelines below to contact the administering federal agency.
Please note: Applications for federal assistance can not be submitted through this web site.
does not provide forms, application packets or advice on applying
for specific federal programs. Once you have identified a program
of interest, please refer to the 'Information Contacts' section
of the program description. The 'contact person' indicated for your
selection will be able to provide you with an application kit and
further information to proceed with the application process.
Individuals will find that they are often the ultimate beneficiaries of many grant and loan programs available from the federal government. However, there are a limited number of programs that will actually give the money directly to individuals.
The majority of federal funds are distributed to State and local governments, organizations, and educational institutions, which will then manage and distribute the money to eligible private sector beneficiaries. For example, a VA or FHA loan comes from a financial institution such as a bank, credit union, or mortgage company, not directly from the federal government.
Here's another example of federal program that distributes funds to organizations for the benefit of individuals:
84.335 Child Care Access Means Parents in School
The following are two examples of federal programs that distribute funds directly to individuals:
84.063 Federal Pell Grant Program
When viewing a federal program description page, an individual should pay close attention to the "Beneficiary Eligibility" sub-section located under the general 'Eligibility Requirements' section. The 'eligible beneficiary' will ultimately reap the reward of a program even if they are not eligible as an applicant (Applicant Eligibility).
For most programs that provide assistance directly from the federal government, the applicant and 'eligible beneficiary' will generally be the same (i.e., educational institutions, organizations, and State or local governments). However, financial assistance that passes through these funding entities will have different applicants and beneficiaries since the assistance is ultimately transmitted to private sector beneficiaries (individuals) who are not obligated to request or apply for the assistance.
other words, unless a federal agency has allocated that funds be
awarded directly to the private sector (see Example B
above), individuals should apply or inquire with those eligible
organizations that have received the funding on their behalf.
Every year, government budgets are set up to distribute all the cash they are allocated. Ordinary individuals and organizations are awarded these funds all the time. This time next year it could be you on the receiving end of this money, and possibly on your way to a new career!
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