Scholarship for MIT USA: Know Eligibility and Steps to Apply

The Massachusetts Institute of Technology (MIT), USA, is a top-ranked university known for innovation and academic excellence. Founded in 1861, it has shaped leaders across science, tech, and business. It’s a place with an excellent academic community and has produced influential thinkers, entrepreneurs, and Nobel Prize winners. Earning a scholarship for MIT USA isn’t just financial support—it’s an opportunity for a world-class education. 

This article covers the MIT scholarship coverage, eligibility criteria, and how to apply as an international applicant.

Overall Cost to Study at MIT

Planning for an MIT education can feel a bit overwhelming at first, but having a clear picture of the costs can help you feel more confident about your future. There are several factors involved when researching the cost of studying at MIT as an international student. 

The following table outlines the estimated costs for the 2024-2025 academic year. Let’s explore these details together so you can manage your expenses while studying abroad. 

Expense Category	Cost (USD)
Tuition	$61,990
Student Life Fee	$406
Housing	$13,060
Food	$7,220
Books, Course Materials, Supplies & Equipment	$910
Personal Expenses	$2,374
Total	$85,960

Source: MIT website

 

Additional Points to Consider:

• Computer Purchases: The cost of a computer isn’t included in the attendance budget given on the website. However, if you need financial help for a computer, there are various options available.
  
• Health Insurance: Massachusetts state law requires full health coverage. All MIT students are automatically enrolled in the MIT Student Health Insurance Plan unless they provide proof of equivalent coverage, ensuring they have access to urgent, mental, and specialist care without extra cost.

Scholarship for MIT USA

For many bright Indian students, the dream of studying at the Massachusetts Institute of Technology (MIT) can seem financially out of reach. However, MIT is committed to making its world-class education accessible through generous financial aid programs. 

In fact, for the academic year 2024–2025, the institute allocated $167.3 million in need-based scholarships. Scholarships can significantly ease the financial burden by covering tuition fees and other expenses. Here is a breakdown of the allocation of scholarships for MIT USA in the 2023–2024 academic year. 

Income Range	Percentage of Scholarship Allotment	Median Scholarship Amount	Coverage
Under $65,000	100%	$76,825	Tuition, fees, housing, and $4,289 toward dining costs
$65,000– $100,000	99%	$71,291	Tuition, fees, and $11,135 toward housing costs
$100,000– $140,000	97%	$66,345	Tuition, fees, and $6,189 toward housing
$140,000– $175,000	97%	$60,627	Tuition, fees, and $471 toward housing
$175,000– $225,000	96%	$48,169	81% of tuition
Over $225,000	58%	$27,031	45% of tuition

Source: MIT Student Financial Services Website

Notably, 46% of students from families earning under $65,000 were able to attend MIT with the full cost of attendance covered, including tuition, housing, and meals. Starting in the 2025–2026 academic year, students from families earning less than $200,000 annually (with standard assets) will be eligible to attend MIT tuition-free. This means their scholarship for MIT USA will cover the full cost of tuition.

Eligibility Criteria

MIT scholarships are awarded based solely on financial need, not academic merit. Students who apply for financial aid and submit the College Scholarship Service (CSS) Profile are automatically considered for MIT scholarships. The CSS Profile, provided by the College Board, is used to assess eligibility for need-based financial assistance at MIT. 

Additionally, to support students, several other scholarships to study in the USA have been crafted specifically to make education accessible and affordable in the USA. 

Other Scholarships for Indian Students to Study at MIT

Keep in mind that while domestic students can access federal scholarships and grants, international students are encouraged to explore scholarships offered within their own country. Indian students can consider several well-known scholarship programs that support study at MIT. Below is a helpful table summarising some of these opportunities:

Scholarship Name	Benefits	Eligibility
Inlaks Shivdasani Foundation Scholarships	• Up to $100,000 USD	• Minimum 70% in bachelor’s program • Applicants should be below 30 years of age
Fulbright-Nehru Master’s Fellowships	• Tuition fees • Healthcare expenses • Partial living expenses	• Minimum 55% in bachelor’s program • Community service experience • At least three years of work experience
JN Tata Endowment For Higher Education of Indians	• Loan scholarship between INR 1,00,000 and INR 10,00,000 • Additional gift worth up to INR 75,000 (depending on the case)	• Minimum 60% in a bachelor’s degree • Enrolling in a two-year master’s program • Applicants must be below 45 years of age
KC Mahindra Education Trust Scholarship	• Interest-free loan up to  INR 10,00,000	• Minimum 65% in bachelor’s program
United States-India Educational Foundation (USIEF) Scholarships	• Partial tuition coverage • Living allowance and travel grant (varies by program)	• Valid admission offer from a US institution (like MIT) • Strong academic record and leadership qualities
MHRD International Scholarship Program	• Varies by scheme – often includes partial tuition and additional financial support	• Indian citizenship • Admission to a recognised international institution • Minimum academic requirements as per the specific scholarship guidelines (check locally)

How to Apply for a Scholarship for MIT USA? 

Securing a scholarship at MIT USA requires careful planning and a well-organised application process. Below is a step-by-step guide to help you through the process:

Step 1: Understand MIT’s Financial Aid System

MIT meets 100% of demonstrated financial need for all admitted students. This means if you’re admitted and show financial need, MIT commits to making it affordable for you to attend.

Step 2: Prepare Required Financial Documents

• US students: Complete both the FAFSA and CSS Profile
• International students: Submit the CSS Profile
• Gather tax returns, income documentation, and any other required financial records

Step 3: Meet Important Deadlines

• Early Action: Submit financial aid documents by November 30
• Regular Decision: Submit financial aid documents by February 15
• Mark these dates on your calendar and aim to submit early to avoid technical issues

Step 4: Craft Your Personal Statements

• Explain how your goals align with MIT’s values and mission
• Showcase innovative projects or research you’ve conducted
• Be authentic and specific about why MIT is the right place for you

Step 5: Secure Strong Recommendation Letters

• Ask teachers or mentors who know your abilities well
• Request letters from those who can speak to your academic strengths and character
• Give recommenders plenty of time and provide them with relevant information about your goals

Step 6: Follow Up and Respond Promptly

• Confirm receipt of all your documents
• Quickly respond to any requests for additional information
• Keep checking your email regularly throughout the application process

Step 7: Consider an Appeal if Needed

If your financial circumstances change after applying, don’t hesitate to contact MIT’s Financial Aid Office to request a reassessment.

Study in USA with the WorldGrad and Get Exclusive Scholarships

The WorldGrad offers one of India’s most extensive study abroad scholarship programs, providing students with financial assistance to achieve their global education dreams. Through strong academic partnerships with top universities worldwide, The WorldGrad ensures that students receive exclusive scholarships based on merit, leadership, diversity, and financial need.

Scholarship Type	Details
SmartGrad Scholarship	20 % scholarship on tuition fees awarded to 22 students with excellent academic background.
Director’s Merit Award	INR 50,000 per student awarded to 22 students who have topped their Smart Program with The WorldGrad
Overseas Scholarship	Scholarship worth USD 80,000 awarded to students in top global universities

Your dream of studying in the USA is within reach. With The WorldGrad’s scholarship program, you get financial support, expert guidance, and access to top universities. Don’t let financial barriers hold you back—apply now and take the first step toward a brighter future!

Conclusion

The journey to studying at MIT USA is both challenging and filled with opportunities. With the right information and a strategic approach, you can navigate the complexities of the application process and secure financial support through various scholarship for MIT USA.