MIT’s policy to cap financial aid at a student’s calculated need while allowing outside aid to also reduce the student contribution is embedded in our strong belief that need-based, rather than merit-based aid, is a more equitable way to distribute financial aid dollars. This allows MIT to maximize available funds for the families that need it most.
If your outside aid, which includes the Pell Grant, is greater than your student contribution, we encourage you to contact your financial aid counselor. You may be able to use a portion of your outside scholarships toward the one-time purchase of a computer or to pay for the MIT Student Health Insurance Plan before reducing your MIT Scholarship. You may also want to contact your scholarship organization to see if they can postpone sending the funds for a future academic year that may be more advantageous.
All VA education benefits are treated like outside scholarships, including any housing and book stipends. Any additional money from your VA education benefits, beyond the amount of your student contribution, will reduce your MIT Scholarship.
Massachusetts_Technology
If your outside aid, which includes the Pell Grant, is greater than your student contribution, we encourage you to contact your financial aid counselor. You may be able to use a portion of your outside scholarships toward the one-time purchase of a computer or to pay for the MIT Student Health Insurance Plan before reducing your MIT Scholarship. You may also want to contact your scholarship organization to see if they can postpone sending the funds for a future academic year that may be more advantageous.
All VA education benefits are treated like outside scholarships, including any housing and book stipends. Any additional money from your VA education benefits, beyond the amount of your student contribution, will reduce your MIT Scholarship.
Massachusetts_Technology