The option that can be considered free money when it comes to financing higher education is: Scholarships and grants.
What are grants?
Grant is a monetary fund given by a public entity or a charitable foundation or a specialized grant making institution to an individual for a specific purpose.
Grants and scholarship does not need to be paid back by individuals. Therefore it can be considered free money when it comes to financing higher education.
Learn more about Grants here:
https://brainly.com/question/1559476
