First, you should accept the financial aid funds you don't have to pay back.
Has your school financial aid office sent you an aid offer?
Yes, they did. That's why I'm wondering about this.
Then they'll ask you to indicate which financial aid you want. Look carefully at your options and make an informed decision.
What should I keep in mind when deciding on accepting an aid?
You should always accept free money first e.g., scholarships, grants.
What else can you tell me about this topic?
Keep the following in mind when you get an aid offer and are deciding which aid is the best to accept.
I see. And what if I have to accept loans?
In that case you should accept the ones with the most favorable terms and conditions. Usually, that means choosing the federal student loans offered to you.
Alright, that is some sound advice. And what do I agree to by signing the promissory note?