<p>Ok so before you say it, I already emailed Financial Aid. The problem is, they take 2-3 weeks to respond, and I don't really want to be stressed out by this.. </p>
<p>So, I've accidental hit 'accept' on $5500 worth of loans of my Financial Aid Report. I doubt I will need THIS much money, and at this point in the game, I don't want to commit myself to pay all that back. I might get more scholarships before I attend FSU, so I'll probably need $2000-$3000 in loans, rather that $5500.</p>
<p>Do you think they will let me change the accepted amounts? They had it to where you can select how much money you want to take out in loans, but my idiot self randomly hit accept on $5500!</p>
<p>Can you take the loan, put it in a special account until all scholarships come in, and keep it until the end of the year? Then use it for next year or have that to cover the one time scholarships that you will not have for next year. These are the low interest loans, and you cant get the extra amount that you decline or turn back at a later date. Best case scenerio is that you have money in your account when you graduate, and you immediately apply it to the loans at that time.
Worse case scenerio is you run into other costs you did not expect and must use the money andhave to pay it back at the low interest rate. But you have the funds to cover costs readily available.</p>
<p>So true! I didn’t look at it that way. Thanks. And you’re right, some of the loans I got are only for Freshman year. </p>
<p>On the otherhand, I don’t want them to see that I accepted the full loan amount, and have extra private scholarships, and then decide to cancel my FSU grant that the school gave me, because I heard they do that if you have scholarships that make up the difference. I need to ask if they take away from loans or grants first, because I’ve heard both.</p>
<p>Thanks for the help!</p>
<p>FSU financial aid says that any loans you take through the financial aid tool are set in stone. If you did it accidently, they can remove the loan on your account however you will be charge a maximum of 25% of the total loam amount, since accepting the loan starts the necessary paperwork. </p>
<p>Just kidding.</p>
<p>You have 120 days from the day of disbursement of the loan to return any unused/not needed funds without penalty.</p>
<p>Well played, Sid. That cracked me up.</p>