Free Application for Federal Student Aid (FAFSA) - FAFSA is the largest source of student aid in America. FAFSA completion is a requirement for Tennessee program scholarships including the HOPE (Lottery) scholarship. It can also provide access to other grants, loans and work-study programs administered by the Federal Government. The FAFSA can also help you get school-based financial aid. It could be the most important financial aid form you complete. Watch this brief video to find out what the FAFSA is all about and steps to completing it.