by ejacobs » Tue Mar 09, 2010 9:40 am
Your school can't permanently take any money from you until you register for classes and start your degree program. Also, even if you are accepted to a school, you don't have to go there. Many students apply to multiple colleges, get a few acceptance letters, and then choose where they want to go.
My advice is don't worry about this, because if the school is accredited and Title IV (the certification needed to be a part of federal student lending), they are trusted by the government to handle federal student aid.
If you decide not to go to that school, all you need to do is decline the offer by calling their admissions department if you are sent an acceptance letter.