Financial aid is not just one "thing," but rather a combination of several different types of assistance.
University Scholarships and Grants are typically merit-based or need-based awards made by Florida Tech to admitted and current students, based on certain criteria. These are commonly referred to as "gift aid," in that the student is not responsible for paying any of the awarded funds back.
Florida State Scholarships and Grants are funds awarded by the state to Florida residents who meet certain merit and/or need-based criteria, to assist Florida residents with the cost of their postsecondary education. These include the Florida Bright Futures Scholarship Program.
Federal Financial Aid refers to loan programs made possible by the federal government. These include Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), and federal student and parent loan programs.
Private Loans are loans contracted with private lending companies directly by the borrower.