Facts On Low
Interest Government Loans:
Low Interest
& No Interest Loans
Long-term, low interest rate
educational loans to 271 colleges and universities for full-time,
financially needy students.
If you need financial assistance to recover and your
family income is minimal, you may be referred to the IFG Program for possible
grant assistance. If you have more than a minimum income, you will be sent an
application to apply for a loan.
If you have questions or need help
with the loan application, help will be provide at the number provided in your
application packet so that you can speak to a representative.
IMPORTANT FACTS
Homeowners
can apply for Loans up to $200,000 to repair
or replace damaged or destroyed real estate, and up to $40,000
to repair or replace damaged or destroyed personal property.
Renters
may apply for Loans up to $40,000 to repair
or replace damaged or destroyed personal property.
Individuals,
whose applications are declined may receive a grant to meet necessary expenses and
serious needs not met by any other form of assistance.
Co-signers
can be used for a loan. If the amount needed to recover from the disaster
exceeds your ability to repay, family members or other persons may co-sign
the loan application. Co-signers are equally responsible for repayment of the
loan.
Services
such as transportation, clean-up assistance, homemaker, handyman, nutrition and
many others are often available.
Spread the Word! Older persons are
often the last to apply for these services. When time limitations expire, needed
services are no longer available. If you know any older persons, who may be in
need of these services, urge them to get the assistance they need! There are
many programs available to help in this area.
The Government has set aside this
money to help people who want to change their lives for the better and
improve their present economic situations.
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