Yes, they do. The Free Application for Federal Student Aid (FAFSA) is a fantastic place to start for college students looking for financial aid to pay for their education. So, most of Louisiana's public and private colleges accept the FAFSA. You must be a citizen of the United States and enrolled in an educational institution to submit a FAFSA application. Candidates must possess a GED, HiSET, TASC, or high school diploma.