Search

An MIT form that undergraduates, who are offered an MIT Scholarship, are required to complete in order to determine if their scholarships will be awarded from a particular donor’s fund or general funds.

A payment made to MIT that far exceeds the actual amount that is owed. Overpayments exceeding $2,000 will be returned in their entirety to the payer via the original payment method at the expense of the payer.

Flexible expenses are costs that are easily changed, reduced, or eliminated. Spending money on entertainment and clothing are flexible expenses. Even expenses that must be incurred, like groceries, are considered

A procedure whereby the school checks the information that the student reported on the financial aid application, usually by requiring a copy of the tax returns or other documents filed by the student and

Research and teaching assistants receive a monthly stipend as well as a full-tuition scholarship. Stipend levels are established each year by individual departments within guidelines approved by the Academic

family to access your student account you will need to designate them as ... Your student account is an exact record of your financial ... exactly what you owe, your financial aid, and what you have already paid

Reserve Office Training Corps (ROTC) scholarships available from the U.S. Army, U.S. Navy, and U.S. Air Force for students who are ... tuition, fees, books and supplies, and pay a subsistence allowance.

An Internal Revenue Service (IRS) form that all educational institutions, such as MIT, are required to complete at the end of the calendar year for each enrolled student who was billed and/or paid tuition.

An online financial aid application produced by College Board’s College Scholarship Service (CSS) and used by private institutions such as MIT to offer their institutional financial aid.

provide grants, loans, and work-study funds from the federal government to ... available at studentaid.gov. Federal student aid for MIT undergraduates ... PLUS Loans Federal Work-Study Federal student aid for MIT graduate

The total amount of money that can be borrowed from a loan program over a student’s period of study.

A graduate research or teaching appointment covers tuition partially or fully, provides a salary, and typically covers student health insurance, as well as other benefits. Salary rates are set each year by

The amount that was scheduled to be paid in previous month(s), but was not. The past-due amount may also be called the delinquent or default amount.

The amount of money that can be borrowed from a loan program during one academic year.

The amount an undergraduate student can reasonably be expected to save from working over the summer.

A fellowship is a funding award to a graduate student that covers tuition partially or fully, provides a stipend to help defray living expenses, and may also cover student health insurance.

The failure of a borrower to repay according to the terms agreed to when the promissory note was signed.