Grants and scholarships are often called “gift aid” 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!
For more information go to studentaid.ed.gov/types/grants-scholarships.
The following FATV video may also be helpful: Can I make a bookstore purchase with financial aid?