Free college grant money and scholarships are the financial aid that is lent or given to help one to pay for college. These scholarships and free grants for college students do not require to be paid back. That’s why they are called gift aids that are available for all kinds of students. Most free college grants are awarded depending on the financial need. However, a major portion of the gift aid is awarded for academic achievement. The scholarship and free college grant money are often used to mean the same, however, there are differences between these two forms of financial aid.

Most scholarships are merit-based which means that they are awarded to students with excellent qualities, such as proven academic or athletic ability, etc. Many such scholarships have rules to be followed by the recipient like maintaining a certain GPA, etc. Free grants for college students are based on the individual’s need. This means that they are often awarded based on the individual’s or individual’s family financial position.

The Federal Government grants for colleges as well as the universities are regularly received for payment of educational costs and other institutional expenses. As one brings together the funding, the free college grant money is that which is awarded to the individual students directly.

Grants for college students are divided into two main categories based on the type of eligibility requirements attached to the funds. The grants that are need-based are issued to individuals having critical levels of a financial crisis in paying for college. While merit-based grants are associated with the performance such as good grades and achievements. Extremely bright scholars and students are awarded free college grants that are merit-based which are very more or less the same as the scholarships that exceptional athletes receive for their excellent performance. Just like the scholarships, federal grants are not required to be repaid. Some college grants aim at certain sections of the student population by aiding them to fund their coursework.

These free college grants programs provide free college grant money that may be used to pay for books, tuition, house and other expenses related to school.