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3 Reasons College Students Need to Submit the FAFSA Every Year

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College-bound high school seniors are the most likely targets for nagging about completing the Free Application for Federal Student Aid, or FAFSA. But the message is just as important for returning college students.

Students must submit the FAFSA to access federal financial aid – grants, scholarships, work-study and federal loans – as well as certain state and institutional aid each year they’re in school. Yet, returning college students aren’t achieving the same pace of completions as their freshman counterparts, colleges say.

The financial aid office at the University of Texas at Austin, for example, noticed “a significant lag” in returning students filing the paperwork compared with incoming students last year, according to Diane Todd...

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