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MIT Scholarships. The most common type of aid is the MIT Scholarship. If you receive one, it is a grant that does not need to be repaid. Our scholarships are awarded based solely on financial need and come from our endowment, gifts from MIT alumni and friends, and MIT general funds.
We use it to determine if you qualify for a need-based MIT Scholarship. For the application, you will need the following: Your parents’ 2022 income tax returns or wage statements. Any other records of money earned. Current bank account balances. Records of investments. Records of untaxed income.
Jun 14, 2024 · Massachusetts Institute of Technology scholarships aim to meet 100% of demonstrated financial need of its students. The university has estimated to provide 167.3 million USD as need-based award in 2024-2025, compared to 164.1 million USD in the previous year.
At MIT Admissions, we recruit and enroll a talented and diverse class of undergraduates who will learn to use science, technology, and other areas of scholarship to serve the nation and the world in the 21st century.
We plan to award $164.1 million in MIT need-based scholarships in 2023–2024, compared to the $152.3 million awarded in 2022–2023. 58% of full-time undergraduates received an MIT Scholarship during the 2022–2023 academic year. Among those, the median family contribution after student term-time work 04 was $9,926.
A number of states sponsor scholarship programs for residents, and information on eligibility may often be obtained from secondary school guidance counselors. ROTC programs at MIT may also provide substantial scholarship support. Learn more about affording an MIT education.
MIT makes financial support available to graduate students from a variety of sources and in several different forms—fellowships, scholarships, traineeships, teaching and research assistantships, on-campus employment, and federal loans.
