If you require financial assistance, your first step is to submit the Free Application for Federal Student Aid (FAFSA) online as soon as possible after October 1 of the year before you plan to enroll. FAFSA evaluates eligibility for need-based aid, including federal loans, and gives students access to need-based grants, scholarships, loans and work-study. The FAFSA website will help you determine whether you are a dependent or independent student, and other important criteria for aid.