<p>I have a question.</p>
<p>If Berkeley gives you a loan package of x dollars, but you dont want to take up the loan and you can afford to pay the entire tuition by yourself, do you have to decline the loan on the Fin aid page or can you just let it sit there?<br>
In other words, will not declining the loan automatically make it legit, resulting in you taking up the loan?</p>
<p>Thanks :)</p>
<p>Nah-- You've got to submit a promissory note in order to take a loan. They don't just hand it to you without any sort of legal documentation.</p>
<p>thats not what YAO MIng was asking karabear... butming u have to decline/ accept ur offer.... it takes like 5 min to decline it so just do it.... letting it sit will just cause fin aid ppl to be liek.... what happen to this guy?</p>
<p>I'm just saying that they won't just automatically give you the financial aid because there are steps you have to take first.</p>
<p>You won't automatically receive the loan because, as karabear1 says, you need to do an MPN and such before they'll give you the money.</p>
<p>If you know for sure you aren't going to be taking the loan, the most definite and courteous way to deal with this is to visit your Offer Letter (you can find it off of your BearFacts -> Financial Aid stuff) and officially decline your loans.</p>
<p>o ok. thanks guys!</p>
<p>and i was worried that I'd be stuck with 25k loans lol :P</p>