Any current and prospective college students should complete the FAFSA, even if they don’t think they’ll qualify. Many colleges use the information from the FAFSA to determine eligibility for merit-based scholarships and other financial aid. Currently enrolled college students should fill out the FAFSA each year to account for any changes in income, dependency or marital status. After you complete the FAFSA form the first time, it becomes much easier to do so subsequently.