To try and answer the OP...
Starting January (the sooner you file the better) we will have to fill out the FASFA form. As I remember from my applications to undergrad, you apply for aid to all the schools you are still waiting on. The gov will then make a financial aid packet for each of the schools and you will get the aid for the school accepted to (with all fingers crossed).
As an undergrad, I applied to UC Davis, UC Santa Barbara, and UC Santa Cruz with my FASFA form. I was accepted to all three and had a financial aid package for each. I choose UCSC and received the aid within the first few weeks of class.
-Good luck with your form...
btw this question is best asked in the Financial Aid Forum