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Update January 4: Have questions about financial aid? Check out the undergrad financial aid section of our site. Learn more about the 2020–2021 academic year by visiting our  FAQ page, financial support page for undergrads, or MIT’s COVID-19 response site.

How graduate funding works: Stipend and health plan rates

Stipend increase

We have established new ranges for monthly stipends of full-time research and teaching assistants for the 2020–21 academic year (AY2021). These ranges reflect a 2.9% increase, which fully meets the cost-of-living adjustment recommended by the GSC’s Graduate Stipends Committee.

Expanded MIT Health Plans

For those enrolled in MIT’s medical plans, insurance rates will not increase for AY2021. We have worked with MIT Health Plans to reduce out-of-pocket costs and simultaneously expand the benefits offered by the Student Extended Insurance Plan (SEIP). Examples of some of the enhancements include support for the mental health needs of students and expanded healthcare benefits for transgender students.

Current medical plan members who are graduating this spring can extend their eligibility for the SEIP through the end of the calendar year.