The term "financial aid" may actually mean more than you think. There are many different kinds of financial aid including scholarships, grants, loans and work study. Some financial aid comes from the government, while some comes from private sources. Some is given to students who have need, while some goes to students who have academic or athletic talent. The best source of financial aid will be the college or university you choose to attend. Students who apply and are accepted for financial aid will eventually receive offers from potential colleges that may include a combination of the various kinds of financial aid listed above. In addition to the typical financial aid offers, colleges also offer tuition installment plans.