Seniors planning on attending college need to apply for FAFSA- Financial Application for Federal Student Aid by March 1, 2013. If you do not know by now, the FAFSA is an annual for for prospective college students to determine their status for student financial aid. The application process opens January 1 and closes March 1. You have to renew your application every year to update any information that might have changed. Do not forget to submit this document.