Afford

Understanding Your Award Letter

Admitted students who have applied for financial aid will receive either a tentative or official financial aid award letter shortly after receiving their offer of admission.

The award letter contains information about your financial aid eligibility, including your cost of attendance, the types and amounts of funds you are eligible to receive (scholarships, loans, work study), your rights and responsibilities regarding financial aid, how to notify us of any additional funds you are receiving and how to decline/reduce any of the funds you have been offered.

The type of award letter received will depend on the completeness of your application.

Tentative Financial Aid Award Letter

You may receive a tentative financial aid award letter if the information you supplied is incomplete. Tentative aid is based upon the estimated information provided to the Office of Financial Aid at the time of awarding.

More information is required to verify application data prior to issuing an official award letter. Additional information might include  signed and completed copies of your and your parents’ tax forms for the past year, a completed or corrected FAFSA using the IRS data retrieval process, an IRS tax return transcript, a business/farm supplement or additional tax forms for corporations or partnerships.

The aid listed on the tentative financial aid award letter is not final. It is not credited to your student account and may be adjusted after we receive your additional information.

Harvey Mudd students continuing for their second, third or fourth years will not receive a tentative financial aid award letter. Continuing students will receive only official financial aid award letters after all necessary information is received. Only incoming first-year students may receive tentative offers of aid.

Official Financial Aid Award Letter

Once we have received all the information required to verify your financial aid, we will send you an official financial aid award letter. You may receive this letter after you have responded to a tentative financial aid award letter, or it could be your first notification of aid eligibility. After you receive an official financial aid award letter, you should complete all forms and master promissory notes (MPNs) for the student and/or parent loans that you are accepting from your financial aid award letter. You must indicate the loan(s) you want to modify or decline in the “request changes to your award here” section of your financial aid award letter.

Only aid from an official or revised financial aid award letter will be credited to your student account.

Revised Financial Aid Award Letter

Once you have received an official financial aid award letter, revisions may be needed if you received an outside scholarship, your cost of attendance budget has changed, additional funds have been approved or you’ve decided to decline one of your awards.

Any changes or additions to a financial aid award letter will be reflected on a revised financial aid award letter. Revisions are sent throughout the year, if necessary. If required, a signed copy of your financial aid award letter must be returned to the Office of Financial Aid by the deadline specified or within 10 days of receipt.