Qualified for financial aid for housing - but still undecided on living on campus?

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I'm still undecided about it. Is it possible that, say, when the school semester starts, I can just tell the school that I'm not living on campus and give the money back?

I'm still weighing my options: A) Living with my parents (all the while living in a VERY restricted household) B) Get my own apartment C) Join a sorority
 
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