Financial Aid

Student Financial Services located in Building 11-120. Photo: Steve Dunwell

MIT makes financial support available to graduate students from a variety of sources and in several different forms – fellowships, scholarships, traineeships, grants and assistantships (both teaching + research). Most of these are administered by individual departments but you can also apply for additional funds – such as federal, MIT and alternative loans through commercial lenders – through Student Financial Services.

Many forms of graduate support are granted solely on the basis of merit; others are granted according to financial need, to a combination of merit and need, or to other factors. Neither the Institute nor its departments have the resources to provide support for all deserving students, so it’s important to explore sources outside of MIT to help with financing graduate programs.

Undergraduate aid is based only on financial need; MIT does not award any academic, athletic or other forms of merit scholarships. We have three types of undergraduate aid – scholarships, loans and work – and four main sources for that aid: MIT, the US Department of Education, state governments and private sources.