You will then have the option of accepting all, any or none of the award package. The money will not go to you directly. Once you have determined which awards, grants and loans you will accept, the money will be placed in your student account to cover tuition and fees, anything left after the drop date will then be disbursed to you. Get direct deposit -it's much faster than waiting for the check!
If you are offered more loans than than free money, start applying for more scholarships. Use a free service like www.scholarshipexperts.com or fastweb.com. Good Luck!