Federal Aid Refund and Applying for NAFSA?

That information is incorrect, each academic year you reapply for financial aid through FAFSA. If you decline the loan this year, that will not affect your future eligibillity. In fact, it will help you because, there is an aggregate limit to how much money you can borrow under the stafford loan program, therefore if you use all of your eligibility now (when you don't really need it) you may not have enough left in 3-4 years when you do. If you don't need the loan this year, then not taking it this year is the smartest decision to make.