Apply today for scholarships and grants, which don’t need to be repaid, as well as student loans, by submitting the FAFSA. What is a FAFSA, you ask? Free Application for Federal Student Aid is the form that the federal government, states, colleges, and other organizations use to award financial aid. Submitting it on time is your key to accessing grants, scholarships, work-study programs and federal student loans. Remember, you’ll need to use your 2017 tax information to complete the 2019-20 FAFSA.