A scholarship offers financial assistance that helps the best and the brightest students not only access a superior education but also fulfill their dreams.
And MIT students have big dreams.
Our students may one day protect the planet, find cures for diseases, explore the universe, and become educators, politicians, business leaders, computer experts, and designers of buildings around the world.
While coming from an amazing mix of economic, social, and geographic backgrounds, our students share intelligence, energy, ideas, and the highest standards. No matter what subjects they choose to study at MIT, their common goal is to be the best. A scholarship makes it possible for students to realize this goal.
MIT’s commitment to a need-blind admissions policy began in 1969, which includes a commitment that all students admitted to MIT will have the financial support they need. This makes it possible for the Institute to admit students based completely on merit without consideration of their ability to afford an MIT education.
Our need-blind admissions policy fosters an environment of academic excellence by rewarding students for their hard work and personal achievements. This policy affirms our commitment to MIT’s meritocracy by giving bright students from modest backgrounds the ability to study at a world-class institution. The role of financial assistance is vital, as the cost of an MIT education at the frontiers of knowledge continues to rise.
In return for a chance to study on this amazing campus, we ask outstanding students to become our partners. Their families contribute a reasonable portion of the costs based on their income and assets, and our students contribute through summer earnings, jobs during the school year, and modest loans. MIT offers the rest as a scholarship.
This year, 59 percent of all MIT undergraduates receive scholarships from MIT, averaging $25,200 a year. Seventy-six percent of all aid dollars for MIT undergraduates comes from the Institute, 15 percent comes from the federal government, and 9 percent comes from private sources. In all, MIT will contribute $67.5 million for undergraduate scholarships this year.
Our financial aid costs are extremely high, but MIT has committed unwaveringly to providing need-blind admissions and need-based aid because students in all financial circumstances have the brainpower, imagination, energy, and drive to succeed at MIT and use their education to serve the world.
MIT students know that they have the knowledge to translate what they learn into solutions to the world’s most pressing problems, and MIT inspires them to invent, create, and explore. Our stellar students are drawn to MIT by their passion for action.
Undergraduates enter MIT with energy, vigor, intelligence, and talent, and there is no limit to what they can accomplish when they graduate. Our students have an ability to take action, along with a driving desire to change the world. All of the young people featured on these pages are making a difference in the world, but without financial aid, none of them would be at MIT. A scholarship for a student with great potential is an investment in the future, one that will bring immeasurable returns for all of us.