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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.

Why was my financial aid award decreased?

If you receive additional financial aid after we make an award to you, and sometimes after the financial aid is applied to your account, you may have what we refer to as an overaward. The additional aid could be a scholarship or grant from an outside organization or a research or teaching assistantship from an MIT department. When these circumstances arise, we reevaluate our original award decision. If we need to adjust your financial aid, we notify you and offer counseling to understand how the change impacts your student account and budgeting.

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