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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.

Why is my financial aid lower this semester?

Back in the fall, we recalculated all financial aid awards for the 2020–2021 academic year, based upon the updated cost of attendance and the information you provided in your financial aid application. If your housing plans were different in the fall than in the spring, your aid was adjusted. The portion of your financial aid award that was allotted for the spring semester, has been applied to your spring bill.

Some students have seen their financial aid reduced because they are not living on campus. The allowance for housing and dining for students not living on campus is lower than for those living on campus, because many students are able to live at home with reduced expenses.

As a reminder, MIT offered the $5,000 grant in the fall in full, so students would have immediate access to it. However, we know that many families continue to experience challenges due to the pandemic, and we want you to know that we’re here to guide you through the semester. If your situation has changed, please reach out to us as soon as possible at sfs@mit.edu. We will do our best to make sure you are all set for spring.

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