Considered when you apply for admission
Full cost of attendance · about $331,000 over 4 years
Awarded to students with demonstrated financial need. Families with income below $100,000 and typical assets have a $0 parent contribution toward the full cost of attendance.
Full tuition · about $250,000 over 4 years
Need-based award for students from specified regions. Recent updates prioritize refugees, asylum seekers, and forcibly displaced persons.
$2,000 a year
Highest-need first-year students to help with transition expenses. Divided equally between fall and spring.
Varies (Covers MIT SHIP cost)
Covers the cost of the MIT Student Health Insurance Plan (MIT SHIP) for highest-need undergraduates.
Separate application
Full tuition · about $250,000 over 4 years
Available to dependent children of eligible MIT faculty and staff. Covers full tuition at MIT for four years.
$2,000 a year
Applicant must be an MIT Federal Credit Union member or child of a member in good standing. Rising freshmen or current undergrads.
By invitation or nomination
Varies based on need
Need-based fund founded by Shashank and Medha Karve to encourage social mobility.
Varies based on need
Need-based fund founded by an alumnus. Matched to students via the Student Information Review Form (SIRF).
Varies based on need
Preference for direct descendants or family members of retired MIT employees.