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MIT Match Scholarship

For high school students applying to the National College Match in 2008

MIT's need-based financial aid is awarded on an annual basis, and Match recipients must re-apply yearly for aid. The package detailed below is also subject to Match recipients receiving a full Federal Pell Grant each year. Provided that there is no significant change in a student's family's financial situation, financial aid awards should remain consistent year to year.

Scholarship Details

Glossary of terms appearing in scholarship package details


Annual Cost of Attendance
Tuition $36,390
Room & Board $10,860
Books & Supplies $1,150
Travel Varies
Personal $1,700
Other $0
Total $50,100
  
How Costs Are Covered (Annually)
Grants $50,100
Federal Work-Study $0
Parental Contribution $0
Student Summer Work Contribution $0
Student Savings $0
Student Loan $0
Total $50,100

Outside Scholarships
Since there is no student contribution or parental contribution in the award for Match recipients, any outside scholarship money will be used to decrease the amount of grant money awarded by MIT.

Health Insurance
Students are required to have some form of hospital insurance according to Massachusetts law. As part of the basic tuition fee, MIT provides the basic Student Medical Plan, but also enrolls and bills all students for the Student Extended Insurance Plan (which provides hospitalization coverage). However, if students notify the MIT Medical Department before their waiver deadline that they already have sufficient coverage (usually under their family's insurance), they can be granted a waiver from the Student Extended Insurance Plan. Students who cannot or do not waive the Extended Plan will have to cover this cost themselves. Learn more.

Other Details
The travel allowance is determined by MIT Student Financial Services and is dependent on the student's home address. Changes in the travel allowance will affect the MIT grant.