Grants and scholarships are often called “gift aid” or “free money” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based, while scholarships are usually merit-based.
Grants and scholarships can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any grants or scholarships you might be eligible for, and be sure to meet application deadlines!
Grant money is a no lose scenario and the more grant money you are able to collect from multiple sources the less you may have to borrow using student loans.
Pell Grants which are administered by the federal government.