The cost of attendance to pursue any program at the Massachusetts Institute of technology is approximately 73,160 USD. With financial aid programs like MIT scholarships, fellowships, and grants, this overwhelming cost is reduced by almost 60% for international students.
At Massachusetts Institute of Technology, student support varies as per the level of study. While undergraduate students are offered MIT scholarships via a centralized system, postgraduate students are considered for assistantships and fellowships through their respective departments. On top of university aid, students received external sponsors and employment opportunities to cover their educational expenses.
In 2019, MIT awarded student support worth 625.626 USD (5% increase than 2018 funding), which fulfilled the financial aid requirements of 89% incoming students. The details of 2019 MIT financial aid is tabulated below:
|Type of support||University Sources (in USD)||External Sponsors* (in USD)||Total Student support (in USD)|
|UG Tuition Support||128,365||18,956||147,321|
|PG Tuition Support||237,589||63,437||301,026|
*does not include scholarships offered by Non-USA based organizations.
As demonstrated, the university is committed to offering unwavering support through MIT scholarships and fellowships, especially to international students on an F-1 US student visa. Therefore, students are encouraged to explore the Massachusetts Institute of Technology scholarships during the pre-admission process itself.
As mentioned earlier, Massachusetts Institute of Technology UG programs, students are offered need-based financial aid. The university considers the following factors to calculate the aid for MIT scholarships:
Applying for undergraduate financial aid at MIT, USA is a uniform for both domestic and international students. The applicants need to complete the following steps to apply for the aid:
In addition to the submission of documents, applicants must answer the supplementary questions. The CSS profile code for MIT is 3514.
Talking about when to submit the applications, deadline for undergraduate MIT scholarships are:
The scholarships and other financial aid options for postgraduate programs at MIT are majorly decentralized and managed directly by individual graduate departments. While a few programs offer partial tuition fee waiver MIT scholarships, graduate students are majorly assisted via fellowships.
At MIT a graduate fellowship provides partial or full tuition fees to international students along with a stipend to cover living expenses. The fellowship amount may be upto 4000 USD.
For a few graduate programs, MIT also awards need-based scholarship programs. However, the aid amount depends upon the applicant's requirement and chosen degree program.
While domestic students are entitled to federal grants and scholarships, such is not possible for international students. If they are unable to secure MIT scholarships and grants, then students will have to depend on scholarships available in their own countries.
These scholarships, funded by trusts, corporate firms, and the government, allow students to pursue higher education in the USA. Such scholarships are essentially significant for postgraduate-level students, as MIT scholarships are limited for masters and doctoral programs.
To study at Massachusetts Institute of Technology, Indian students can apply for the following external scholarships:
|Scholarship Name||Scholarship Benefits||Scholarship Eligibility|
|Fulbright-Nehru Master’s Fellowships||Tuition fees; partial living expenses; Healthcare expenses||Minimum 55% in bachelor’s program;|
At least 3+ years of work experience; Community service experience
|JN Tata Endowment for Higher Education of Indians||Loan scholarship INR 1,00,000 and INR 10,00,000; Additional gift worth INR 75,000 (case dependent)||Over 60% in bachelor degree; Below 45 years of age; Enrolling in 2-year master’s program|
|Debesh-Kamal Scholarship for Higher Studies||INR 1,00,000 for tuition fees||Below 30 years of age; Preferably beginning degree in social science or related program|
|Narotam Sekhsaria Foundation Scholarships||Interest-free loan||Over 60% in UG program; Below 30 years of age|
|Inlaks Shivdasani Foundation Scholarships||Up to USD 100,000||Minimum 70% in bachelors program; Below 30 years of age|
|KC Mahindra Education Trust Scholarship||Interest free loan INR 4,00,000- INR 8,00,000||At least 65% in UG program|
With a combination of MIT scholarships and fellowships and external scholarships, international students can pursue their chosen degree program at an affordable range.