Don't panic just yet. There are lots of reasons for students to be placed on a FAFSA waiting list. They may be overwhelmed with work on their end, they may need to verify some information you gave them, they may be doing an audit on your parents, or many other things. Many times, the issue will be resolved without any negative consequences on your end. If you really want to know what is going on, then simply call the head office. They can access your account and give you the details you need. When you do this, make sure you allot yourself the time you need. You will probably be put on hold for a while and may be switched to different departments. You also need to make sure to call during their available hours.