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Update August 17:

To learn more about MIT’s changes to the fall 2020 cost of attendance as well as the Covid-era grant, please see our 2020 financial support page and our expanded FAQ page. You can also read more about the evolving policies and other key questions related to MIT’s COVID-19 response.

My expected parent and student contribution did not change after my financial aid award was recalculated. How come?

Your parent and student contribution is based upon 01 The Family Financial Contribution is a measure of how much you and your family can be expected to contribute to the cost of your education for the upcoming academic year. It is comprised of the Parent Contribution and the Student Contribution.   your personal financial situation. It is not based on, or affected by, the cost of attendance.

As with every year that you are an MIT student and apply for financial aid, if costs go up, so will your MIT scholarship in support of your demonstrated financial need. The parent and student contribution stays constant because it is based on what we believe your family can contribute to your education. It is not impacted by the cost of attendance in any way.

  1. The Family Financial Contribution is a measure of how much you and your family can be expected to contribute to the cost of your education for the upcoming academic year. It is comprised of the Parent Contribution and the Student Contribution. back to text

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