How often do I need to renew my financial aid application?

In order to continue receiving financial aid, you need to renew your application on an annual basis. This means that you will need to complete and submit the Free Application for Federal Student Aid (FAFSA) every year if you want to be considered for federal aid programs. The FAFSA serves as an application for various types of financial aid, including grants, scholarships, work-study, and federal student loans. It is essential to renew your application promptly each year to maintain eligibility for financial aid and ensure a smooth financial assistance process. By providing updated information about your family's finances and educational plans, the renewal allows the Department of Education to accurately assess your financial need and determine your eligibility for aid programs in the upcoming academic year.