Are you curious about government grants and loans? It is important to know the difference and who qualifies to apply for them.

Grants fund projects that help improve the economy or the public. They support recovery projects, research, and many other programs. Organizations that receive grants are not required to pay back the money. To search for or apply for federal grants, visit Grants.gov.

Loans are different because people have to repay them with interest. Government loans help pay for education, housing, or emergencies. Head to GovLoans.gov for more.

Whether you're applying for a grant or a loan, know that the federal government does not give “free money” to individuals. If you receive a message saying you qualify for a "free" grant or money, it is likely a scam. Learn more about grants and loans with help from USAGov.