Is it a big deal if I applied for financial aid (FAFSA) and was awarded but...

...plan not to accept the funds? At least for this year. So far, I may need money for housing to move out. I have the rest covered with savings and parent contribution, some scholarships won. But next year I definitely plan to use fin. aid. Is this okay?
I got like $14,000 in loans available with an EFC of 6600! What an amount but what debt that would be haha!
$14,000/year something like $4500/quarter
!!!!!!! OH by the way, my award letter asks me to list any scholarships one. I got one for $1200. Should I do it? I may lose fin. aid. Never a good thing. But, it is being sent to the school, and fin. aid. may find out (90% sure). Maybe i just should, since I won't use all that money anyway (fin. aid)
Well no I mean I haven't confirmed that I want that money. I haven't even filed taxes yet (extension). So the FAFSA still needs an update.
what do you mean they are loans of course you have to pay them back. Not for certain loans I am sure but those are only for people who have really low EFCs.
 
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