Grants given by the US Government are issued to those projects that uphold positive externalities which mean that a project should bring positive effects to its society along with itself. The Grants may be given coming from a state government or federal government.
Federal grants refer to grants that are mostly given to firms and companies and not for a certain individuals. These grants have three categories which are Earmark Grants, project grants and formula grants.
The Project grants are for those companies that do the research programs. A pharmaceutical company that does the researches for an effective drug that can be used to fight a certain disease is a good example of company that qualifies to the project grants. The Earmark grants can be given through legislators. These grants was being added to the bill that the legislators passed which helps the project to get funding which does not require public reviews. This type of grant could easily be abuse by the legislators. The Formula grants were given for funding a certain program as being authorized by the existing law. These funds were the money that the government could use for protecting the forest and other programs that demoting the substance abuse.
State grants are grants coming from specific states that are usually given to individuals. It includes the promotion for a higher education such as education grants and college grants.
Grants for education are usually given to both institutions and individuals. The institution may consume the grants for their facilities improvement whereas individuals who are needy or physically handicapped like those blind people and deaf people may use the grant to help them finish their schooling. The college grants were given to higher achievers that weren't able to support their college. The government offer financial support for them by either paying all their college expenditures or may be just a part of it, depends on individual's cases.
Federal grants refer to grants that are mostly given to firms and companies and not for a certain individuals. These grants have three categories which are Earmark Grants, project grants and formula grants.
The Project grants are for those companies that do the research programs. A pharmaceutical company that does the researches for an effective drug that can be used to fight a certain disease is a good example of company that qualifies to the project grants. The Earmark grants can be given through legislators. These grants was being added to the bill that the legislators passed which helps the project to get funding which does not require public reviews. This type of grant could easily be abuse by the legislators. The Formula grants were given for funding a certain program as being authorized by the existing law. These funds were the money that the government could use for protecting the forest and other programs that demoting the substance abuse.
State grants are grants coming from specific states that are usually given to individuals. It includes the promotion for a higher education such as education grants and college grants.
Grants for education are usually given to both institutions and individuals. The institution may consume the grants for their facilities improvement whereas individuals who are needy or physically handicapped like those blind people and deaf people may use the grant to help them finish their schooling. The college grants were given to higher achievers that weren't able to support their college. The government offer financial support for them by either paying all their college expenditures or may be just a part of it, depends on individual's cases.
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Get much more details about grant capital in our new article about All About Government Student Loans . Go to our web site about grant money for additional information.
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