About having to get a new pin # every year. No, you keep the same one. I recommend you filling out your renewal FASFA on-line. Its faster, and it already has your information on there. If you can apply on January 1, go ahead, the sooner the better! Its like a first come first serve situation. The sooner you apply the more money available. GOOD LUCK!

You do have to complete a new FAFSA every year. Although when you fill out the FAFSA again, there is an option you pick if you have filled it out before and most of your background info stays the same, the only things you have to change is information that has changed from the last year, your taxes, etc.