Understanding Your Award

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 accept/decline/reduce any of the funds you have been offered.

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

Tentative Financial Aid Award

You may receive a tentative Financial Aid Award 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’ federal tax forms for the prior 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 is not final. It will not be credited to your student account and may be adjusted after we receive your additional information.

Only incoming first-year students may receive tentative Financial Aid Award.  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 their official Financial Aid Award after all required information is received.

Official Financial Aid Award

Once we have received all the information required to verify your financial aid, we will send you an official Financial Aid Award. You may receive this after you have responded to a tentative Financial Aid Award, or it could be your first notification of aid eligibility. After you receive an official Financial Aid Award, 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. 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.

Only aid from an official or revised Financial Aid Award will be credited to your student account.

Revised Financial Aid Award

Once you have received an official Financial Aid Award, revisions may be needed if you received an outside scholarship, your cost of attendance 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 will be reflected on a Revised Financial Aid Award. Revisions are sent throughout the year, as necessary. If required, a signed copy of your Revised Financial Aid Award must be returned to the Office of Financial Aid by the deadline specified or within 10 days of receipt.