Yes. The FAFSA belongs to the student, not a parent, and the online FAFSA account is designed to be established by and accessible by the student. The Student Aid Report (SAR) that is generated after the FAFSA is processed is normally available electronically to the student, either by logging in to the student’s FAFSA account or through email delivery to the student. The SAR contains all the information that was reported during the FAFSA completion process.
Bottom line: if for whatever reason you don’t want your child to know your personal financial information that FAFSA and Profile require, don’t apply for any need-based or merit financial aid that requires the completion of either of those forms.