No. While all grant funds are automatically accepted for you, you are able to accept a reduced amount of funds based on your discretion. Please note the following stipulations:
- The funds must be divided evenly over all of the packaged terms in an academic year.
- The minimum loan amount you can accept is $200.
- All subsidized funds must be accepted before accepting/reducing unsubsidized loans.
In order to reduce funds, you need to indicate the revised amount on your award letter or notate a full decline of a loan. Please contact a Financial Aid Counselor if you have any questions about reducing your loan amounts.