Yes there are deadlines for applications for financial aid.
Could you please advise what the deadlines for the academic year are?
The deadlines for the 2019/20 Academic Year are as follows: Online Free Application for Federal Student Aid FAFSA forms must be submitted by 11:59 p.m. Central time (CT), June 30, 2020 and any corrections or updates must be submitted by 11:59 p.m.  CT, September 12, 2020.
Do you know what the College deadlines are?
Unfortunately I don't have college deadlines as each college has its own deadlines. Check with the collect you are interested in attending. You may also want to ask the college about its definition of an application deadline.
Do you mean the date your FAFSA form is processed or the date the college receives your processed FAFSA data?
The date the college receives my processed FAFSA data.
Why do I have to meet the FAFSA deadlines?
By completing the Free Application for Federal Student Aid (FAFSA) form allows you to be considered for federal student aid and in addition states and colleges use FAFSA information to award their own grants, scholarships and loans. Aid is usually limited so you have to meet the deadlines.
Do States also have deadlines?