I have a line where I know the start and end point on a piece of paper with the dimensions of 8 1/2 inches x 11 inches.
the start point is 5.6 inches from the right of the paper and 4 inches down from the paper.
the end point is 6.1 inches from the right of the paper and 3.15 inches down from the paper.
I want to rotate the line 60 degrees from each side of the line and reduce the length to .3 inches to its original length.(to form an arrowhead)
I have no clue on how to go about doing this or if its even possible help would be much appreciated.

A figure always helps is such cases, with coordinates: do you mean that your points are like this (figure done by Geogebra) with $E(2.9, 4)$ and $F(2.4, 3.15)$ ?