The best replacement for grants is scholarships.

The best alternatives to grants are rated as following:
★★★★★  scholarships
★★★★  contracts
★★★  loans
★★  stock options
★  donations
★  options
★  gifts
★  financial aid
★  scholarships for college
★  johnnie walker
★  categorical grants
★  dewars
  free money
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  famous grouse
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  layrite
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  loans and . scholarships

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Speaking about grants, one probably shouldn't forget about foundations.

Other search terms related to grants and their ratings are:
★★★★★ foundations
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grants
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