Loans...Financial Aid

<p>So currently my need is overmet because of an outside scholarship. I've tried calling the financial aid office to inquire about the situation but their line is constantly busy!!
Questions:
Is their a deadline for when we need to accept the loans? Can someone explain the promissory note? Can I sign the promissory note but not necessary accept the loans? I just want to wait until all the pending scholarships come in first before i accept the loans/reduce them. If I reduce the loans this year will I be offered the reduced loan amount for the following years?</p>