The Massachusetts Institute of Technology (MIT) is one of the world’s leading universities, especially for students searching for engineering, technology, and computer science programs in the USA. Known for innovation and strong career outcomes, MIT also offers generous financial aid to help students manage the high cost of education.
Cost of Studying at MIT
The average tuition fee at MIT is approximately $57,000 per year. When housing, meals, health insurance, and personal expenses are included, the total annual cost of attendance can exceed $75,000. Because of this, many students look for MIT scholarships for international students and financial aid options.
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MIT Scholarship Requirements
MIT does not offer merit-based scholarships. Instead, it provides need-based financial aid, meeting 100% of demonstrated financial need for both domestic and international students. To qualify, applicants must submit:
- Academic transcripts
- Standardized test scores (SAT/ACT, if required)
- Family income and financial documents
- CSS Profile and financial aid forms
How to Apply for an MIT Scholarship
Students must first apply for admission to MIT. Financial aid is requested during the application process by submitting the required financial documents. There is no separate scholarship application, making the process simple and transparent.
Final Thoughts
With strong academics and proper financial documentation, students can study at MIT with significantly reduced costs, making it one of the best choices for those seeking high-return STEM education and fully funded study opportunities in the USA.