when do financial aid awards come out
Guide to Financial Aid Award Letters. Advertisement After you submit your application for financial aid, you will receive a financial aid award letter from the college(s) to which you applied, typically in early to mid-April.This letter spells out the details of your financial aid package.fter you receive the award letter, you may be asked to return a signed copy of the letter in which you accept or reject each source of financial aid. The college will not increase other aid to compensate if you reject part of the financial aid package, such as loans.