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There are lots of grant programs available in the U.S. for a host of things – from helping to pay college tuition to aiding non-profit agencies providing social services and community-based programs. You didn’t specify what types of grants you are seeking, so let me point you in the right direction of a few resources.

To learn about student loan grants and options to help pay for educational expenses or pay off student loan debt, read this post, and check out of this item and this article too. They’re about government resources to pay student loans.

For information about grants for first-time homebuyers, read this information.

If you are seeking information about grants for business owners, read this article.

A subscriber to Ask The Money Coach.com wants to know if there are any programs, grants or scholarships that can help pay off student loans.

Recommended reading: Zero Debt for College Grads
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For many reasons, I think it would be a very bad idea to use your retirement savings in order to finance your Master’s degree. First, there are better financial options to fund your advanced education. Second, since your husband isn’t presently working, if times get particularly tight economically, you may need to access some of those retirement funds to help keep your family afloat. (Note: If you do need the money in the future, take a loan from your retirement plan – not a withdrawal. That way, you’ll avoid paying the IRS ordinary income taxes and a 10% penalty on the distribution.) Lastly, you’ve worked hard to build up a decent retirement nest egg. It would be a shame (and risky) to deplete those funds and jeopardize the financial security that your retirement assets will provide during your Golden Years.

Smart Ways to Finance a Graduate Education

Here are some alternatives to help you finance your Master’s degree program.

Your Employer
Since you are working, definitely start by asking whether your employer has a tuition assistance plan. Many companies will pay for tuition, or at the very least will offer a stipend to cover the costs of books and supplies.

Scholarships
Also begin aggressively seeking out scholarships for which you may qualify – based on everything from your gender and ethnic background to your major and certain hobbies you have. Consult a good online database, such as www.FastWeb.com, which lists thousands of scholarships.

Too many students (both undergraduate and graduate) fail to adequate explore the multi-billion dollar scholarships arena, and then they say “I couldn’t find anything for which I qualified.” Well, you have to make your scholarship search the equivalent of a full-time job. Plan to spend at least 30 hours a week – for three to four weeks – hunting for this free money. I know that’s a lot of time. But if you invest the time and energy now, the long-term financial payoff can be huge – well worth the short-term sacrifice you must make to find, apply for, and secure these resources. As a target goal: plan to apply for at least 12 scholarships. This will greatly increase your odds of receiving scholarship money.

Grants
Be persistent in finding grants too. Like scholarships, they don’t have to be repaid. Find grants via a specific department at the college you are considering, like the Business School or the Science Department.

Work Study
Also, the financial aid officer at any school you’re considering can tell you about Work Study opportunities to pay for college. Work study programs – where you work, say, in the library or the computer lab and get paid or receive a discount on tuition – help minimize your school fees or, for some people, the money you spend on room and board.

Paid Internships
You should also seek out paid internships to help you foot your college bills. This option is obviously most feasible for those who don’t have full-time jobs. In years past, students interned without pay, just to get valuable work experience and make connections. Today, with the high price tag of a college education, you don’t have the luxury of working free of charge. So investigate paid internships in your industry where you get a decent paycheck, along with work experience and access to professional colleagues and mentors.

Student Loans
Finally, I know you want to avoid college loans, but that’s not always 100% possible. If you’ve exhausted all the options listed above, and still come up short, then you should consider student loans. Always apply for federal loans first – not private loans. Federal loans carry lower interest rates, have fewer fees, and offer better forbearance, deferment and loan forgiveness options.

By exploring all of these financing sources, and getting creative with your own budget, you can pay for that advanced degree – without withdrawing your retirement money and hurting your chances of having a secure retirement.

There are lots of ways to go to school without taking out a ton of student loans. If you’re working, start by asking whether your employer has a tuition assistance plan. If not, begin aggressively seeking out scholarships for which you may qualify – based on everything from your gender and ethnic background to your major and certain hobbies you have. Consult a good online database, such as http://www.FastWeb.com, which lists thousands of scholarships. Be persistent in finding grants too. Like scholarships, they don’t have to be repaid. Find grants via a specific department at the college you are considering, like the Business School or the Science Department. Also, the financial aid officer at any school you’re considering can tell you about Work Study opportunities to pay for college. Work study programs – where you work, say, in the library or the computer lab and get paid or receive a discount on tuition – help minimize your school fees or the money you spend on room and board. Lastly, you could seek out paid internships to help you foot your college bills. In years past, students interned without pay, just to get valuable work experience and make connections. Today, with the high price tag of a college education, you don’t have the luxury of working free of charge. So seek out paid internships in your industry where you get a decent paycheck, along with work experience and access to professional colleagues and mentors.