Fully Funded Scholarships is available at Massachusetts Institute of Technology. With the motto of “Mind in Hand”, Massachusetts Institute of Technology (MIT) was established in 1861. The university today is an epitome for the best place to do research and learning. It is a private research university located in Cambridge, Massachusetts. Above all, the university is ranked in 1st position in the QS World University Rankings 2019. Also, the university is known for its affiliations with 93 Nobel laureates, 25 Turing Award winners, and 8 Fields Medalists. Furthermore, it offers 44 undergraduate degrees across its five schools, particularly famous for the courses in the physical sciences and engineering, but moreover recently in biology, economics, linguistics and management as well.

MIT admits the most talented undergraduate students in the world through need-blind admissions. Once admitted, it meets your full financial need for all four years of your undergraduate career. The most common type of financial aid offered is the MIT Scholarship, although other types of aid like grants are available. As a matter of fact, the scholarships are based solely on financial need and come from its endowments, gifts from MIT alumni and friends, and MIT general funds. Moreover, MIT meets 100% of the need of its students and the average amount of MIT scholarships received by a student is $47,524.

Qualifying for Scholarships

MIT reviews your family’s financial situation in order to assess need and award aid equitably. It considers the following factors to determine the amount of aid you will receive

• Number of people in the family
• Number of children currently attending college as an undergraduate
• Permanent residence
• Total parent income from all sources, whether taxed or untaxed
• Taxes paid
• Also, unreimbursed medical expenses
• Private school tuition for younger siblings
• Total assets

The most noteworthy fact is that students with a family income below $90,000 (and typical assets) do not need to pay tuition.

Applying to Receive Aid

In order to be an eligible candidate to receive a scholarship from MIT, you have to apply to the university by submitting

• Application
• Teacher Evaluation
• Secondary School Report
• Standardized Test Scores

Likewise, to claim financial aid, you need to submit

• CSS Profile
• Parents’ tax returns. If you are a U.S. veteran, this is not required.⁠
• All U.S. citizens and permanent residents must complete the FAFSA

Regular Action applicants must submit their required documents by February 15 to receive a financial aid award by mid-March.