Free Government Loans for Debt Help


Time are tough. Unemployment continues to rise, and people are seeking help as they are increasingly having trouble paying their bills. And with the government implementing programs to help people pay their mortgages and receive cash for trading in their old cars for more fuel-efficient ones, people naturally wonder if there might be any government assistance available to help them alleviate their debts.

Financial Assistance

  • The government offers a number of programs to help people who are struggling financially. Most are familiar with Social Security, but those benefits are not available until people reach retirement age. Also, the government has the Medicaid and Medicare programs to offer financial assistance to those who need help paying for health care. In addition, many states offer social services with the goal of helping needy individuals by assisting them with things like foods stamps, day care and in-home health care. For more, see Resources.


  • Grants are types of financial aid issued by federal or state governments that don’t have to be repaid. The U.S. government does issue grants, but usually they are earmarked for people who need help paying for their education, starting a business or buying a home. There are no government grant programs specifically for people who need help getting out of personal financial debt. To explore whether you qualify for grants, check out the links in References. You might also consider visiting the following websites for assistance with financial aid: UncleSamsMoney grant directory ( or the FederalGrantSource ( directory.


  • The government expects you to pay back loan money, usually with interest. The most common types granted to individuals are student and small business start-up loans. Students loans are issued mostly to help people seeking a college education. For more information about where to get student aid for college and university students, see Resources. Along with student loans, the government tries to assist people who want to start small businesses. For more help in this area, click the SBA link in Resources.

    So as you can see, the government does issue financial help to people who need it, but not necessarily for those who want to pay off personal loans or debts.

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