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Update March 18: Learn more about the current academic year by visiting our FAQ page, financial support page for undergrads, or MIT’s COVID-19 response site.

I’m planning to leave; what happens to my financial aid?

If a student receiving federal financial aid (except Federal Work-Study) completely withdraws from classes before completing 60% of the term, we are required to determine how much of the financial aid was earned up to the time of withdrawal. Any federal funds considered as unearned must be returned by MIT and/or the student to the federal government. This situation could result in the student owing aid funds to MIT, the government, or both.

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