What if I decline a need based loan like the subsidized loan will financial aid replace it with a grant or scholarship
No, if you turm down the loan, then you are responsible for replacing this money. you will not get additional grants or scholarship funds
Sadly, no.
Highly unlikely.
No. You have to find a way to make up that money.
Grants and scholarships are given to you first, then the option of loans to fill in the delta. Declining the loans means you get to find another source of funding. That doesn’t make it the school’s problem.
Agree with everyone else. If the school had intended to give you additional grants or scholarships, they would have done that first.
If you decline the loan…it will
Be your job to figure out where the money to replace it will come from.
Why wouldn’t you take the subsidized loan?
I was actually asked this question numerous times at one school where I worked. There was a large population of students whose cultural beliefs were such that they felt they could not borrow loans (usery). I would be asked to replace loans with grants because they would not borrow. While I understood their position, I was unable to provide grants to replace the loans. As others have pointed out, if a grant was going to be offered, it would be offered already.