Ariodante saidFAFSA usually throws you into the pool for a variety of scholarships linked to your school in addition to Federal funding. It used to be you had to separately apply to a lot of these external sources of college money but they made it so you wouldn't have to do that. You'll still need to separately apply to most other merit based and competitive funding sources, though.
Unfortunately they don't, and this is why...
I'm technically Homeless based upon the application and haven't ever received anything from my parents. So I'm put into the classification that I must speak with a Financial Aid officer in other to estimate my EFC (estimated family credit). So those things aren't offered to me until I'm about 24 where they no longer count any sort of parental involvement.
I am doing the ones outside of the schools and such. On Monday I'm venturing to my home schools and getting the app fee's waived because I can't afford to pay 30+ to "apply" to schools when I make less than 4,000 a year and pay for all of my own stuff.