Very often students think that there is the only method to cover some expenses they have at college is a loan credit. But there are many other ways out. The government of colleges offers a variety of different financial programs to help students to cope with their financial difficulties. Such programs as scholarships and college grants can become real help for students in the period of financial difficulties. College loans are not the best ways out of financial problems, as they require repayment. The main advantage of student grants and scholarships is that they need not to be repaid, but they require some time for application. 1. Students can find information about scholarships practically everywhere. Internet is the best source of such information. There are quite a lot of organizations that offer scholarships to college students. They are Lions Club and Optimist, Chamber of Commerce. Students are free to apply for military and union scholarships. Here one can find everything what is necessary to know about college scholarship and grants. In order to apply for a scholarship or grant it is necessary to meet some sort of requirements. In most cases the main requirement for scholarship application is essay writing. Actually, it is not a problem as every student is able to write an assay according to interest he/she has. Students with good physical abilities have more chances to get the scholarship, because, as usual, those students who perform well in sport have a lot of chances to receive a scholarship or grant. 2. Now, a few words about the grants. The main advantage of the grants is that they should not be repaid. They can be awarded on the basis of financial needs and any other interests. Every student is able to apply for college grant at any college financial office. After application, the answer can be given within 3 or 6 weeks.