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A Federal Student Aid (FAFSA) application is one of the most important steps students and their families can take to pay for college.

According to Brad Barnett, financial aid director at James Madison University in Virginia, the FAFSA is the application that is required to be used by all schools in awarding federal student aid.

Barnetts adds that nearly all students who apply qualify for some form of federal financial aid. It's very easy to qualify for aid based on the FAFSA.

Students can already fill out the online FAFSA application using their computer or mobile phone. The mobile version of the FAFSA launched last year and will continue to be available when the 2020-2021 FAFSA opens on Oct. 1. The Department of Education's phone-friendly version aims to increase FAFSA completion rates.

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