The Free Application for Federal Student Aid, better known as the FAFSA, is the form that returning college students or high school seniors must complete to apply for federal financial aid. Many states, colleges, universities and scholarship organizations require the FAFSA to determine whether a student qualifies for their aid. Without the FAFSA, many students and their families eliminate their possible eligibility for need-based financial aid, as well as access to federal student or parent loans.
Read more here: https://www.kiplinger.com/personal-finance/credit-debt/loans/student-loans/602186/fafsa-application-changes-are-coming
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