<p>I got my fin aid package and im basically receiving a full ride if you count in $4,000 in loans. However, I don't want to take out loans and my parents are willing to pay that $4,000. Can I just reject the loans and keep the grants and scholarships they gave me or is it all or nothing?</p>
<p>No, you're usually allowed to reject loans. Most schools have a form you sign indicating which parts of the aid package you accept.</p>
<p>Wow. My parents hid that form from me lol thanx. I was kind of worried.</p>
<p>You can also reject work study and student contribution. However, your family contribution will go up.</p>
<p>My older son chose not to take any loans his first year and reduced the loan amount another year, and it was not a problem. My younger son chose to reject the work study last year. Again, no problem. With my younger son, this was all done online on the university's website.</p>
<p>Yes you can reject the loans and will still get the other aid.Most colleges expect the parents to contribute something if they can.If not the student is expected to take the loan if he or she plans on attending.Good luck!</p>
<p>sorry to interrupt but i also have a question. if i end up with extra fin aid money, what will happen?</p>