Short Answer 
To access federal financial aid for college, you must complete the FAFSA annually before each school year. It’s important to report any changes in your financial situation, as this information affects your eligibility for different aid programs, ensuring you maximize your financial support opportunities.
Step 1: Complete the FAFSA Annually
To access federal financial aid for college, it’s essential to complete the Free Application for Federal Student Aid (FAFSA) every academic year. This application can be filled out annually, and it should be done before the start of each new school year to ensure you do not miss out on aid opportunities.
Step 2: Assess Changes in Financial Needs
Your financial situation might change from year to year, affecting your eligibility for different aid programs. It is crucial to report your current financial status in the FAFSA so that both colleges and states can accurately assess your needs.
Step 3: Understand Aid Eligibility Criteria
The information you provide in the FAFSA impacts how colleges and states determine your eligibility for various financial aids like grants, work-study programs, and loans. Completing the FAFSA ensures you have the best chance of receiving the support you need.