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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.

What if the exchange rates change due to economic circumstances related to COVID-19?

If you are residing outside of the United States, and are concerned about exchange rates, please contact us after August 1, and we will review the currency changes for you.

All students can request an exchange rate review in August for the coming academic year if there’s been a substantive change since their original financial aid award. If there is a change that is 10% or higher than the rate used originally, we will adjust your award (and the award of all students from that country) for the year. If the change is less than 10% your award will stay the same.

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