For U.S. citizens of low-income backgrounds, CSS PROFILE fee waivers are granted automatically for up to eight schools. More information on waivers are available from the College Board.
There are no fee waivers for international students.
Massachusetts requires hospital insurance for all regular (and some special) MIT students. However, if you have equivalent coverage, you may be able to waive this charge via the MIT Medical Health Plans online waiver system. If you have questions about your hospital insurance charge, how to waive coverage, or add family members to your contract, contact the Health Plans Office.
The only way to waive the MIT student extended insurance plan is by submitting an online waiver request. If you submitted an online request that does not appear on your first statement sent in July, subtract the charge from the amount due, but definitely follow up with the Health Plans Office if the student hospital insurance charge appears on subsequent statements.
We do not adjust your award based on whether or not you purchase MIT health insurance.
We never bill you directly for your parent and student contributions. These are the resources we expect you to have to finance your MIT education. We bill you for MIT charges such as tuition, fees, and on-campus housing and meal plans. You use your parent and student contributions to cover these charges when billed as well as cover out-of-pocket expenses, such as books, supplies, personal expenses and travel.
Our counselors are glad to assist you, especially in your first year, as you plan how you will allocate your expected family contribution towards paying for MIT charges as well as covering out-of-pocket expenses.
We take your travel expenses into account when determining your financial aid eligibility. We do not disburse financial aid directly to you for your travel as we expect you to use your parent and/or student contribution for this type of expense. Your financial aid is disbursed directly to your student account to cover your MIT charges, such as tuition and fees.
First, both the student contribution and the self-help expectation are funds we expect you to contribute toward your MIT education. The student contribution is included in your award letter as part of your expected family contribution and your self-help as part of your financial aid award, but do not let that confuse you.
Your student contribution is a standard amount we expect you to earn and save during the summer. All undergraduates who live in the U.S. are expected to contribute $2,000.
Your self-help is a standard amount we expect you to come up with through some combination of outside awards, a student loan and/or term-time work. All students receiving a need-based MIT scholarship have a $3,400 self-help expectation. Some students find that if they are able to budget for less than what is used to determine their financial aid eligibility, this reduces the need to secure funds for the full amount of the self-help. For example, your financial aid eligibility is based on living in the most expensive double room on-campus and signing up for the 19 meals a week dining plan. If you choose less expensive housing and dining arrangements, then you should be able to get by with less self-help.
Our counselors are glad to help guide you through your decision-making regarding your self-help options.