We take your travel expenses into account when determining your financial aid award. However we don’t provide funds directly for your travel, as we expect you to use your parent and/or student contribution for this type of expense.
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You should check out the Apply for aid section of our website! It will walk you through the general process step by step for domestic or international applicants. Remember, financial aid application deadlines vary depending on if you are an Early or Regular Action applicant, or a continuing student.
MIT undergraduate and graduate students are automatically eligible for participation in MIT’s summer session; however, MIT does not award need-based aid from institutional sources to undergraduates for summer classes.
MIT’s commitment is to aid its undergraduate students for the nine-month academic year (the fall and spring terms). If you’re planning to attend MIT’s summer term, contact your financial aid counselor to receive information on other possible funding sources. Sometimes borrowing additional funds may be necessary.
Current students can view their award in our Online Financial Aid System.
Prospective first-year students can access their award through the MIT Application Portal until mid-May, after this time it can be viewed in our Online Financial Aid System.
After you have completed the necessary loan requirements, your federal loans will disburse to your student account once your term registration becomes official, usually within the first two weeks of the term. Federal loans will be split evenly between all registered terms for the academic year. The amount of your federal loan will always be slightly more than the amount disbursed to your student account due to federal loan origination fees.
Private loan funds are received from your third-party lender and therefore the date the funds are sent to MIT is determined by your lender. Most private lenders will notify you that your funds have been sent to MIT.
Students who believe that it is impossible to provide parental information may submit the Noncustodial Profile Waiver Request form through the College Board’s secure IDOC platform. Waivers are reviewed once a student has been admitted to the Institute, along with the rest of your financial aid application. Please note that the Noncustodial Profile will remain in the financial aid requirements checklist as a required document until your waiver request is reviewed.
We know there are a few issues that students and families are having as they attempt to fill out the FAFSA, which may not allow them to complete it at this time. We understand—and any delays in filling out your FAFSA will not impact your financial aid. However, you should still try to complete it as soon as you are able to do so. You can check this resource page or the known issues page on the Federal Student Aid site.
If your FAFSA appears as “In review” (meaning it has not been processed) in your studentaid.gov account, no corrections can be made until it is processed. You will receive an email once it is fully processed, letting you know that your FAFSA information has been sent to MIT.
Your FAFSA will appear as “In review” (meaning it has not been processed) in your studentaid.gov account and no corrections can be made until it is processed. You will receive an email once it is fully processed, letting you know that your FAFSA information has been sent to MIT.
As of mid-March, MIT is receiving FAFSA information from the Department of Education. We are awaiting additional updates from the DOE before we can begin reviewing FAFSAs and hope to do so by the end of April.
We understand that life happens and sometimes deadlines are missed. There is no need to ask for an extension—just submit your application as quickly as possible. Late applicants will receive their financial aid decision later than those who submit by the deadline, but we try to review all applications as quickly as possible.
There are no penalties for late applications. However, financial aid applications must be received before the end of the academic year, in order to be considered for aid in that academic year. For most students, that is mid-May. For those only attending in the fall, you must submit your aid application by mid-December. If your application isn’t completed by that time, you will not be eligible to receive either MIT or federal financial aid for that academic year.
Students submit insurance waivers through the Gallagher Student Health platform each year. Directions on how to submit a waiver can be found in the FAQ on the MIT Student Insurance Office website.
Returning students must submit a new waiver each academic year.
If you have any questions about this process, please contact Gallagher Student Health or call them directly at 844.333.1466.
You must request additional terms of aid if you will be enrolled beyond the standard number of terms required for an undergraduate degree. The standard number of terms is eight for students who entered as first-year students, and six terms for transfer students. You must submit the extended aid form as well as all financial aid materials by February 15.
Please note: Once you complete all of your undergraduate degree requirements and have been enrolled for the standard number of terms, you no longer qualify for an MIT Scholarship or federal financial aid as an undergraduate.