The U.S. government determines the amount of federal student aid, including loans, and work-study. MIT disburses these funds to your student account. Designate MIT as one of your recipients using Federal Code 002178. Fill out and submit on FASFA websiteThe FAFSA is filled out for all federal aid, this includes loans and student employment. You must fill out a FAFSA each year with your newest tax information. You need your 2015 federal income tax returns, W-2s, other records of money earned, bank statements and records of investments, and records of untaxed income. The form becomes available each year on January 1st and it is recommended that you complete it by the deadlines listed above.