Question

My dream is to study at MIT, however, I think I'm financially incapable of paying the tuition fee. There is a scholarship available I think it's very hard to get accepted. What should I do in order to be accepted for a scholarship? I'm from an Asian country. and currently, I'm studying for a Master's degree in Computer Science

Answer 1

There are many financial aid options available for students at the Massachusetts Institute of Technology (MIT). Whether you are a freshman, a transfer student, an undergraduate student, a graduate student, or an international student, there is MIT financial aid for you.

MIT financial aid includes grants, scholarships, work-study programs, loans, fellowships, and graduate assistantships. Students can also seek outside scholarships and private loans. Most aid is offered based on financial need, while scholarships are typically awarded based on merit.

Students at MIT are offered several financial aid options. These include federal and state grants; state, outside, and MIT scholarships; federal and state loans; and federal work-study programs.

Grants and scholarships are free money. These do not have to be repaid. Loans, on the other hand, have to be repaid. However, depending on the type of loan and the repayment option you choose, some do not have to be repaid until after graduation. The federal work-study program allows students to be employed and use those earnings to help pay for school expenses.

Other financial assistance is available to graduate students, and students with special circumstances. When applying to graduate school, MIT students can seek scholarships, fellowships, and graduate assistantships which help pay for educational expenses. If a student is interested in studying abroad or taking summer classes, financial aid is also available for those situations.

Just to clarify, MIT does not give scholarships based on merit. If you get into MIT, the financial aid will be solely based on your personal financial situation. Therefore, getting a "full-scholarship" to MIT only depends on your parents' income and your financial situation. You would still have to fill out FAFSA reports, which would calculate your expected contribution (that is, the amount you would have to pay) and MIT would provide financial aid to cover the rest.