<p>Do you have to decline loans? I don't want them and I'm not getting any grants because my EFC was too high. Do I have to call my college to tell them I don't want the loans or if I don't accept, is it obvious?</p>
<p>Where I work, it doesn’t matter … you can just leave the loans in offer status. That way, if you decide you need it later you can accept it then. If you decline, you will probably need to fill out a loan revision request in order to get the loan if you change your mind. I should add that we use Direct Lending … FFEL lending schools (which require you to choose a lender) may advise you differently.</p>