If you are considering applying to college, you should know about the FAFSA. Free Application for Federal Student Aid (FAFSA) is a free application for fianancial aid and students complete the form to apply for financial aid for college or graduate school. And will use the form annually in order for the aid -- such as grants, scholarships, loans, and/or workstudy -- to be renewed. It's not as daunting as you might have heard in years past, because now the form can be populated by a tool linking it to IRS  data already submitted. 

Most U.S. citizens or eligible non-citizens are eligible for financial aid for college or career school. In fact, the U.S. Department of Education's office of Federal Student Aid provides more than $120 billion in financial aid to help pay for college or career school each year. Don’t miss out on your financial aid opportunities. Check with individual colleges and universities about their deadlines and ensure your form is ready for their eyes.