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How does financial aid work at MIT?

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This aid usually comes from a variety of sources and can include grants or scholarships (gift aid), student loans (repaid aid) and work opportunities (earned and contributed aid). At MIT the largest source of undergraduate financial aid is the MIT scholarship, a need-based grant. read more

MIT is an exceptionally wealthy school. If you are admitted, they will work out a financial aid package that will almost certainly allow you to attend. They will even help with housing costs. I can’t tell you what they will offer, since it will depend on your specific financial circumstances. read more

The deadline for prospective freshmen is February 15, and you may track the status of your financial aid application by checking MyMIT. Enrolled undergraduates reapply each year by April 15, and track the status of their financial aid application by checking the MIT Online Financial Aid System. read more

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