MIT Institute of Design (MIT-ID) offered various scholarships and financial aid options to support talented and deserving students. The specific scholarships available may vary from year to year and could be subject to changes. It's essential to refer to the official website of MIT Institute of Design or directly contact their financial aid office for the most up-to-date and comprehensive information on scholarships. However, here are some common types of scholarships that design institutes might offer:
1. *Merit-Based Scholarships*: These scholarships are awarded to students who demonstrate exceptional academic performance or outstanding achievements in the field of design.
2. *Need-Based Scholarships*: MIT-ID might offer scholarships based on financial need, where students with demonstrated financial constraints are provided financial assistance.
3. *Talent-Based Scholarships*: Scholarships can be given to students who demonstrate exceptional talent in specific areas of design, such as fine arts, fashion, animation, etc.
4. *Diversity and Inclusion Scholarships*: Some design schools have scholarships aimed at promoting diversity and inclusivity, supporting students from underrepresented backgrounds or specific communities.
5. *Special Category Scholarships*: MIT Institute of Design might have scholarships for students from particular regions, international students, or for those pursuing specific design disciplines.
6. *Alumni Scholarships*: Certain institutions offer scholarships to students who have close family members who are alumni of the institute.
7. *Research and Project Grants*: In addition to scholarships, design institutes like MIT-ID may provide research grants or financial support for specific design projects or research work.
It's important to note that each scholarship might have specific eligibility criteria, application procedures, and deadlines. Additionally, some scholarships might be partial, covering only a portion of the tuition fees, while others could be full scholarships, covering the entire tuition and, in some cases, living expenses.
MIT Institute of Design grants full or partial scholarships to 5% of the total students each year. The eligibility of the scholarships would depend upon the performance of the student and his/her financial needs. The interview panel will decide whether one is eligible for the scholarships or not.
To get precise and up-to-date information about scholarships offered by MIT Institute of Design for the current academic year, I recommend visiting their official website or reaching out to their financial aid office directly. They will be able to provide you with the latest information, application details, and any additional scholarship opportunities that might be available.