Did you know that the US government has more than 250 schemes that provide for free college financial aid for students for amounts ranging from US $20,000 to US $80,000? If applied correctly, it is possible for you to get these money for free from the government.The major difference between a student loan and a government federal grant is that the grant does not have to be paid back to anyone. It is a grant for your needs, your college education fees, accommodation and for anything else related to your higher education. Africans, Americans, Hispanic Americans or Native Americans usually look for financial assistance and hence there are specially constituted scholarships and federal grants for these students.The students from difficult backgrounds and with difficulty in financial aid for higher education and college will find these grants to be very useful and it will help them finance their college fee, accommodation cost and even books and extra money for college spending. If you are a single mom or a ex-service personnel and an aspiring student, there are specific education scholarships specially made for you.It is important that you apply in the right way so that you get approved. Also make sure that you try to apply for these free scholarships and federal financial grants much before you finish school so that you get a lot of time to apply as it takes months for them to review your application and if you miss the dates, you might have to end up waiting for more than a year.