<p>i was wondering if I should a accept loans now. With May and June coming up i'm expecting scholarship acceptance letters to come in. What happens if I had already accepted loans but later scholarship come and fill in that void for me? Can I take the loans backs. These are the loans offered through FAFSA</p>
<p>Go ahead and “accept” the loans before they withdraw the offer. You don’t actually take them out until school starts. At that time you can decide how much of the loans you really want. If you get a scholarship, the FA office MAY automatically adjust down the amount of the loans.</p>