The "Free Application for Federal Student Aid" (FAFSA) is your starting point for applying to most student financial assistance programs. Many states and schools also use the FAFSA as part of their application process for student aid. The earlier you send in the form, the better your chance of receiving all the aid for which you are eligible - applications are accepted on October 1 of each school year. The FAFSA is a comprehensive form. Be prepared to provide extensive information about your family's income and income taxes from the previous year, assets, family size, number of family members attending college, and more.