“MASA Israel journey is a project of the Government of Israel and Jewish communities around the world, represented by the Jewish Agency for Israel and its partners, United Jewish Communities / the Federations of North America, and Keren Hayesod – UIA.”
They offer a small grant that is not needs-based, and they also offer scholarships.
American financial aid programs could probably be used if the student is enrolled in an American school, even if they take the classes elsewhere.