my case is as follows. My university costs $7,000 per year but covered the full cost of attendance ~$15,000.
About $7,500 of the financial aid package are grants, $6,000 loans, and $2,000 work study.
Therefore, the grants cover tuition fully.
However, there is an outside scholarship of $6,000 not included in this calculation.
My question is,
would it be better to accept the loans, and then declare the scholarship,
have the scholarship replace the loans idling in my account, and get the money paid out to me?
to decline the loans and then fight to keep the scholarship for personal expenses, trying to convince the university that I should be allowed to use the scholarship for books and transportation instead of climbing into debt with federal loans?
The scholarship is undeclared because I do not posess the money; it is promised but not delivered yet.
Thank you very much for any help you can provide me.