Changes in a Family’s Financial Situation
If your family experiences a drastic change in its financial situation due to job loss, you are able to submit an appeal to the Office of Financial Aid for a possible revision to your aid package.
If your family has already completed and submitted the Free Application for Federal Student Aid (FAFSA) and CSS/Financial Aid PROFILE, and provided the signed tax returns, have your parent(s) complete the Income Update and Expense Form, which can be found on our website under Forms for Parents and attach backup information (i.e., a letter from former employer about layoff, final pay stub, severance pay agreement and copies of unemployment checks).
Changes in the Number of Siblings Attending an Institution of Undergraduate Study
The number of children in your household attending undergraduate college is an important facet of your financial aid application. You must notify the Office of Financial Aid immediately once your sibling receives his/her bachelor’s degree. At this point, he/she is considered independent for financial aid purposes. Likewise, if you reported on your financial aid applications that a sibling will be attending college on at least half-time basis towards a degree or certificate program and their college attendance decreases, you must notify the Office of Financial Aid.
In both cases, your parents’ contribution will increase and subsequently your eligibility for need-based Harvey Mudd College Scholarship and other need-based aid will decrease.
Changes in the Student’s Marital Status
You will not necessarily receive more need-based financial assistance if you get married. According to federal regulations, you are still dependent on your parents for the academic year if you get married after you file the FAFSA. Dependency status cannot be updated based on marriage until the following academic year.
If you are married prior to filing the FAFSA, you will be considered an independent student for federal financial aid. This means that your parents won’t need to provide financial information on the FAFSA. They also won’t have to sign your application.
Harvey Mudd does, however, require parental information on the CSS/Financial Aid PROFILE application for all students under 24 years of age, regardless of marital status. Harvey Mudd Scholarship aid will be based upon both the student’s and parents’ financial information, regardless of marital status. Thus, many married students receive the same amount of aid after they get married as they did before they got married.
If you’re married and won’t be receiving assistance from your parents but find that a parental contribution has been calculated for you, contact the Office of Financial Aid to discuss alternative loan options for the amount you’re unable to contribute from your and your spouse’s finances.