<p>FAFSA is just the form to submit your data on (some schools will also tell you to submit CSS/Profile). Based on your income/assets, you may be entitled to government aid. The schools you have submitted the FAFSA to will each determine how much aid they will give you and in what amount and type. So each school is basically making decisions on your aid, NOT FAFSA.</p>
<p>If you go to the school’s financial aid website, it may give you details about how good their aid is. You can also call the financial aid office. </p>
<p>I can’t see any reason to turn down grants, unless you have a really generous aunt and want some other kid to get the $$$!!! And just because your kid is awarded work-study he doesn’t have to use it. Subsidized loans are good because the interest is deferred while the kid is in school, so they might be a good thing to accept (and then have the rich aunt pay off after graduation).</p>