You are going to begin receiving financial aid awards in the next few months, if not weeks. When you review the award letters and determine what you are going to accept - save yourself time and accept everything (from the school that you are planning on attending).
You may wonder why I say that.
Well, this is the reason.
You can always turn down portions of the award at a later date. If you accept the award in full now, you have the option of turning down portions of it at a later date, but if you turn it down now, you cannot get it back later.
For example, let's say that you have the option of taking a loan from the school but decide that you want to turn it down because your parents were going to pay for it out of pocket. A few months go by and the stock market crashes or they loose their income or any number of a thousand reasons that they do not pay for it like you thought they would, it is going to be very hard to go back and get the money back from the school.
On the other hand, if you accept the offer and something happens to the funds you were expecting, no big deal. But if your parents do pay for it at that point, then you can turn down or pay off the loan that you took from the college. No big deal.
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