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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.

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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