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FAFSA® Completion by High School As the cost of college continues to increase, financial aid becomes ever more important. While many factors are involved in the decision to attend college, a strong correlation exists between FAFSA completion and college enrollment. Previously, high schools relied on self-reported surveys to estimate their FAFSA completion rate, and that data can be inaccurate. For this reason, Federal Student Aid is providing high schools with current data about their FAFSA submissions and completions so that high schools can track their progress and help to ensure that their students complete a FAFSA. A completed FAFSA allows the U.S. The data included in the attached charts reflect the number of submitted and completed FAFSAs among first-time filing applicants no older than 18 who will have received their high school diploma by the start of the school year to which they are applying for aid. Data currently posted covers applications processed through December 31. Select FAFSA Data by State/Territory: