The goal of financial aid is to help students pay for college. The amount of financial aid you receive depends on your need. As a current or former foster youth, you might have very little financial support and resources and thus, a great need for financial assistance. Financial aid is available from the federal government, from the state of California, from certain colleges and universities, and from private foundations. It is very important that you apply for financial aid on time and as early as possible to ensure that you get the best financial aid package available.