Does MIT offer financial aid for international students?
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1 Answer
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Yes, the Massachusetts Institute of Technology offers need-based financial aid to international students. The institute offers need-based financial aid based on the family income. The family income, along with the estimated cost they need to pay, is given below:
Family Income
Estimated annual cost
< INR 25L
INR 0-25 L/year
INR 25-50L
INR 8L- INR 20L
INR 50-80L
INR 25L-INR 35L
INR 80L or above
Full or partial fee
In case of graduate admission, MIT offers research assistantship, teaching assistantship, fellowship, and employer-sponsored opportunities. The MIT financial aid for international graduate students, along with the coverage, is discussed below:
Funding Type
Coverage
Research Assistantship
Full tuition + stipend (~$3,800/month)
Teaching Assistantship
Tuition + stipend for teaching work
Fellowships
Prestigious, external/internal full funding
Employer-sponsored
Limited funding
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Both are very good but in different areas. MIT is considered a better choice for STEM courses. Princeton University stands out for its UG Liberal Arts courses. MIT has a better global reputation. It ranks above Princeton in the world rankings given by Shiksha and QS World. Princeton ranks above MIT on a national level as part of US News rankings.
Both offer very similar chances of admission. Princeton acceptance rate is 4.6%. MIT's stands at 4.5%.
Tuition cost to pursue BTech at MIT ranges between INR 51 L and INR 53 L. Duration of course may last between 4 to 5 years based on mode of study. Students can expect tuition cost of INR 53 L for specializations such as CSE, Aerospace Engineering, CS, Electrical Engineering, etc. Students can check some popular B.Tech specializations along with tuition cost below:
MIT B.Tech program | Tuition cost |
|---|---|
Computer Science and Engineering | INR 57 L |
Aerospace Engineering | INR 57 L |
Electrical Engineering | INR 57 L |
Chemical Engineering | INR 57 L |
Biological Engineering | INR 57 L |
Students who have completed their 12 can enter MIT only if their academic record is excellent over the year. The MIT acceptance rate is 5%, as per an unofficial source. This shows they are extremely competitive during admission. After completing the 12th with excellent grades, students can apply for UG courses. They must fulfill the basic eligibility and requirements.
Massachusetts Institute of Technology offers over 100 undergraduate and more than 50 graduate courses, including various popular majors such as Engineering, Physics, Mathematics, Management, Science, and more. International students can check the MIT popular majors along with the graduation rates from the table below:
Popular Majors | Graduation rates |
|---|---|
Computer Science | 26% |
Mechanical Engineering | 8% |
Mathematics | 13% |
Electrical and Electronics Engineering | 5% |
Physics | 5% |
As per the rankings released by ARWU, for all the past three years, MIT is ranked lower than Harvard University. However, both of these universities are considered really good and their popularity is increasing with each passing year. The acceptance rate for them is also low.
Given below is the ARWU ranking comparison for these two universities, take a look -
University | 2025 | 2024 | 2023 |
|---|---|---|---|
MIT | #3 | #3 | #3 |
Harvard | #1 | #1 | #1 |
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