Final answer:
After completing the FAFSA, review and submit the Student Aid Report, compare financial aid offers, and accept the best package. Additionally, reapply for FAFSA each academic year to maintain eligibility.
Step-by-step explanation:
Once you receive your aid offer, it's important to compare the types and amounts of aid offered and accept the package that is best for you, bearing in mind to inform the financial aid office of any additional aid such as scholarships you expect to receive. Always remember to apply for FAFSA each year you plan to attend college to maintain eligibility for financial aid.