Is it too late too apply for financial aid for the Fall 07 semester I'm in Indiana and I need to be in school?

It is never to late to apply, although you may not get what you would have gotten had you applied prior to the school's deadline (you have until June 30 of each year to complete your FAFSA, so for the 0708 school year you have until June 30, 2008). If your EFC is such that you would be eligible for a Pell Grant and ACG or SMART, you would get those no matter what. As well as a Stafford or Perkins loan.

Complete your FAFSA right away if you have not already done so (www.fafsa.ed.gov) as well as any other forms your school's financial aid office requires. Then talk to a financial aid officer to see what your optiions are.

Good luck!

It probably is too late
most people applied this past Winter for the Fall semester
Applications were due around March 1.
Although there may be a deadline from the state and school to apply for the FAFSA you have until June 31 of 08 to apply. The earlier you apply the more you will get based on funds available but no it is not too late.