Yes, MIT offers scholarships to students for all its programs. Most of the scholarships given to them, are need-based. In fact, 58% of students pursuing undergraduate from this school are offered need-based scholarships. More than 33% of these students have received scholarship grants more than or equal to the cost of living in the USA.
The international students can avail all these scholarships at MIT Engineering School going for the UG and PG programs:
· MIT Scholarships: These grants are awarded based on financial need and are available to all students who apply for financial aid and complete the CSS Profile. The median MIT Scholarship for 2023–2024 was USD 66,663.
· MIT International Excellence Scholarship: This merit-based scholarship is available to new students and covers 20% of program tuition fees.
· MIT Academic Achievement Scholarship: This merit-based scholarship covers 30% of program tuition fees.
· Action, Impact, and Motivation (AIM) Scholarship: This scholarship awards up to USD 20,000 to a team of 1–2 Sloan Fellows MBA students to complete a social impact project in India.
MIT also offers other financial aid options, including fellowships, federal and private loans, and external awards. Students can contact the Student Funding office at Sloan for a list of external awards specific to business school students.
The university also allows students to avail of external scholarships provided by various private organizations. These scholarships help international students to get a partial or full scholarship for pursuing their studies at MIT:
Scholarship Name | Scholarship Benefits | Scholarship Eligibility |
|---|
Fulbright-Nehru Master’s Fellowships | Tuition fees | partial living expenses | Healthcare expenses | Minimum 55% in bachelor’s program | At least 3+ years of work experience; Community service experience |
JN Tata Endowment for Higher Education of Indians | Loan scholarship 1,00,000 and 10,00,000 INR | Additional gift worth 75,000 INR (case dependent) | Over 60% in bachelor degree | Below 45 years of age | Enrolling in 2-year master’s program |
Debesh-Kamal Scholarship for Higher Studies | 1,00,000 INR for tuition fees | Below 30 years of age | Preferably beginning degree in social science or related program |
Narotam Sekhsaria Foundation Scholarships | Interest-free loan | Over 60% in undergraduate program | Below 30 years of age |
Inlaks Shivdasani Foundation Scholarships | Up to 100,000 USD | Minimum 70% in bachelors program | Below 30 years of age |
KC Mahindra Education Trust Scholarship | Interest free loan of 4,00,000 to 8,00,000 INR | At least 65% in undergraduate program |
