I was accepted to an American MBA program yesterday, March 14, but the school where I am applying has the FAFSA deadline of March 10. What's the difference between aid provided by the school and aid provided by federal? This is very confusing to me. I contacted the school's financial office and they said since I'm a grad student their deadline doesn't apply to me and I'll just be getting federal aid. Should I go through with finishing the FAFSA application ASAP or is it too late? What's the deadline for FAFSA aid for federal?

Can anyone clear this up for me?

Thank you