They may also be required to provide a more accurate financial aid package for their students, such as a financial aid appeal form and a university financial aid form. If you are late submitting your university’s financial aid forms, you may become ineligible to receive university aid, including grants, or even worse, lose your financial aid eligibility. Complete your forms and make a copy of both your FAFSA and your university’s financial aid form, if applicable, for your own record.