Windows Azure education grants allow you to use Windows Azure in your courses and the students do not need to enter any credit card information.
Microsoft provides grants for educators who want to use Windows Azure in their courses. When you receive a grant you receive Academic passes for you and your students. The educator gets a 12 month pass and 5 month passes for the students (valid from the date they are redeemed.)
You can apply here. You can find an FAQ here
You do need to sign a gifting letter to ensure compliance with all applicable government gift and ethics rules.
Help your students explore the potential of cloud computing, apply for an Azure education grant today
You can’t get an education grant, but anyone can try Azure for free