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Do Grants Have to Be Paid Back?

August 25, 2022

Whether it’s a young student attending college or a small business owner, funds are critical to staying afloat and achieving success. But with rising inflation, paying back loans is a major hurdle for many. That’s why many small businesses and undergraduate students rely on grants for financial aid. By getting approved for the right grant program, you can essentially access free money.

What Is a Grant?

A grant or a gift aid is, in essence, a sum of money given to a person or business by federal, state governments, or private organizations.

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