How To Get Free Money From The Government

us capitol free government money

InvestorMint provides personal finance tools and insights to better inform your financial decisions. Our research is comprehensive, independent and well researched so you can have greater confidence in your financial choices.

After paying so much in taxes each year, wouldn’t it be nice to reclaim a little bit of money from the government? It turns out there are more than a handful of ways to get free money from the government.

From health insurance to child care, the government has programs that you can tap into to reclaim some money for your own wallet.

Government Health Insurance
Tax Credit

It’s no secret that the cost of private health insurance is astronomical. A company like HealthSherpa can help you to compare rates in your local area. But if you purchased government health insurance, you might be eligible for a tax credit. is the government’s health insurance marketplace where you can buy coverage for you and your family. And when you do, you may qualify for a tax credit towards your insurance premiums.

If you want the credit paid to yourself, you can elect to have it issued during tax filing season or, if you prefer, it can be paid directly to the insurer.

The tax credit may only be available for as long as Obamacare, otherwise known as The Affordable Care Act, remains alive, but until then it’s an easy way to reclaim money that would otherwise be left in government coffers.

Pell Grants For College Assistance

College tuition costs have historically risen at a faster rate than inflation because students legally cannot discharge student loan debt, even in bankruptcy.

Universities know that students may not be able to afford tuition rates but can take on debt from student lenders, and so annual tuition costs keep rising.

But you are not alone when it comes to getting help paying for college tuition because the government permits you to submit a Free Application For Federal Student Aid, FAFSA.

By so doing, you could qualify for a Pell Grant, which is a subsidy provided by the federal government to students who need financial assistance to pay for college.

Pell Grants are available to students who have not yet earned a bachelor’s degree and are enrolled in a participating institution.

The amount of money provided to applicants is not chump change. In the past, University of Phoenix students collectively received grants totaling almost $100 million.

The maximum amount available to any individual student is $5,920 for the 2017-18 academic year.

Get Financial Help
Paying For A Home

If your income falls below certain threshold amounts, which vary by state, you may be eligible to qualify for a down payment assistance program.

Some states have just one program while others offer multiple programs to help home buyers get on the property ladder.

What is confusing about the programs it that are generally labeled differently but don’t let that stop you from investigating the program that may work best for you based on where you want to buy your home.

Here you can visit FHA downpayment grants by state:

StateProgram Name
  • Step Up Program
  • Affordable Housing Enhanced Loan Program
  • Family Housing Resources Down Payment Assistance
  • HOME Plus Home Loan Program
  • Pathway To Purchase Down Payment Assistance
  • Arkansas Development Finance Authority
  • California Homebuyer’s Downpayment Assistance
  • Extra Credit Teacher Home Purchase Program
  • MyHome Assistance Program
  • Turnkey Mortgage Program
  • Metro Mortgage Assistance Plus Program
  • Downpayment Assistance Program
District of Columbia
  • DC Open Doors Down Payment Assistance
  • Georgia Dream Homeownership Program
  • Homestretch Down Payment Assistance Program
  • Good Credit Rewards Program
  • Down Payment Plus Programs
  • Next Home
  • Homebuyers Assistance Program
  • First Time Home Buyer Down Payment Assistance
  • Kansas Housing Assistance Program
  • Expand To Homeownership
  • First-time Homebuyers Assistance Program
  • Home Buyers Assistance Program Participation Initiative (HAPPI)
  • Home Buyer Assistance Program (HAP)
  • Southern Mortgage Assistance Program
  • Market Rate GNMA Program
  • LHC Preferred Conventional Program
  • Maryland Mortgage Program
  • Michigan First Home Down Payment Assistance
  • Michigan Next Home Down Payment Assistance
  • Home at Last Access Down Payment Assistance Grant
  • Home Is Possible Down Payment Assistance Grant
New Hampshire
  • Home Flex Plus
New Jersey
  • HMFA Smart Start
New York
  • First Home Club Matched Savings Program
  • ACRHA Acquisition/Rehabilitation Grant
  • Home Acquisition Program (HAP)
  • Homebuyer Incentive Program (HIP)
  • First Time Home Buyer’s Program
  • Housing Opportunities Foundation Individual Grant Program
North Carolina
  • NC Home Advantage Mortgage Program
  • Cuyahoga County Down Payment Assistance Program
  • Great Choice Loan Program
  • My First Texas Home – Taxable Mortgage Program
  • Hill Country Home Down Payment Assistance
  • HOMEownership Down Payment & Closing Cost Assistance Program
  • Tacoma Down Payment Assistance Program
  • Seattle Down Payment Assistance Program
  • Pierce County Down Payment Assistance Program
  • Opportunity Down Payment Assistance Program
  • Easy Close Advantage Program

Source: FHA

➤ Free Guide: 5 Ways To Automate Your Retirement

Find Missing Money

When you move home or when mistakes are made on financial forms, money that is owed to you can sometimes go unclaimed.

The National Association for Home Treasurers has partnered with to connect you to money that you are due but may have slipped under the radar and been forgotten.

In the fiscal year 2015, over $3 billion was returned to rightful owners by state government unclaimed property agencies.

It may be that you are due an insurance claim, a lost bank savings account or some stocks. Whatever the lost property, it doesn’t hurt to conduct a free search to find out if there’s some money owed to you.

Nevertheless, keep in mind a word of warning when it comes to finding missing money. Some companies will charge you a fee to conduct the search on your behalf. But many states don’t provide complete information to third parties so be wary of advertisements that require you to pay to search for missing money.

The bottom line is all the searches can be conducted 100% free of charge by visiting or MissingMoney.

Get Child Day Care Financial Aid

If you have kids, you know only too well how much it costs to pay for child day care.

The government is equally aware of the financial burden on parents, which is why the U.S. Department of Health and Human Services administers a fund that provides states and territories with money for families to financially support child care expenses.

Child Care Aware® of America provides a helpful chart so you can see the average cost of child care in your state.

For example, the average annual cost of child care in California is $22,460 while the average annual cost of child care in Oklahoma is $11,852.

childcare aware map

Each state has its own dedicated Office of Child Care that you can contact to help you support your children.

Get Financial Help
Paying Your Bills

You probably don’t have to worry much about heating bills if you live in Florida but your neighbors a few states north may be paying through the roof to stay warm during the winter months.

For low income families who struggle to pay these high heating costs, the government offers a Low Income Home Energy Assistance Program.

Residents in U.S. states and territories are eligible for financial assistance.

acf office of community services map

If your income falls below a certain threshold, you may also qualify for the Lifeline Program, which provides a discount on phone services and in 2016 included Broadband also.

Get Free Government Money
To Avoid Foreclosure

Nobody ever wants to experience the financial strife of a home foreclosure but if you are hit with the unfortunate circumstance where you need to consider it, reach out to the Home Ownership Preservation Foundation (HOPE).

HOPE has helped millions of homeowners avoid foreclosure and may be a good last resort if you are on the verge of losing your home.

Health Insurance For Kids

Any parent will know well the struggle of keeping up with health insurance payments for kids.

As health insurance costs continue to climb, many parents will be relieved to know that millions of kids now qualify for free or low-cost health and dental coverage through Medicaid and the Children’s Health Insurance Program (CHIP).

Prescription drugs, hospital stays, and doctor visits are covered along with most other health related costs.

Government Tax Assistance

al capone 1930

If Al Capone learned one thing, it is that you don’t mess with the IRS.

And any wage-earning citizen would do well not to cross the government agency when it comes to tax filing.

But what do you do if you are a low-income earner who needs help filing taxes?

VITA, otherwise known as Volunteer Income Tax Assistance, is designed to help people earning less than $54,000 to prepare taxes at no cost.

Get Government Help When
Starting A Business

Starting a new business is an expensive endeavor. You have start-up costs, sales, marketing, operations, and perhaps merchant fees, technology costs, and a host of other expenses to finance.

The U.S. Small Business Administration is aware of the financial burden on the shoulders of entrepreneurs and provides an extensive list of funding programs, including:

  • Loans
  • Investment Capital
  • Disaster Assistance
  • Surety Bonds
  • Grants

sba fpg loans infographic


>> Find Out How To Invest Money Wisely

>> How Much Does The Top 1% Make?

>> Will The Stock Market Crash?




We are excited to hear from you and want you to love your time at Investormint. Please keep our family friendly website squeaky clean so all our readers can enjoy their experiences here by adhering to our posting guidelines. Never reveal any personal or private information, especially relating to financial matters, bank, brokerage, and credit card accounts and so forth as well as personal or cell phone numbers. Please note that comments below are not monitored by representatives of financial institutions affiliated with the reviewed products unless otherwise explicitly stated.