The MIT USA scholarship for Indian students is designed to fully meet the demonstrated financial need of its students. MIT has allocated an estimated $161.8 million to provide need-based awards, an increase from $143.8 million in the previous year. These scholarships are made possible through MIT’s general funds, endowment, and generous contributions from friends and alumni of the Massachusetts Institute of Technology.
For undergraduate students, MIT scholarships are awarded through a centralized system, while postgraduate students are considered for assistantships and fellowships within their respective departments.
The average cost of attending Massachusetts Institute of Technology is $73,160 USD (approximately 60 lakhs INR). However, thanks to financial aid programs such as MIT scholarships, fellowships, and grants, international students can expect their financial burden to be reduced by nearly 60%. This support has allowed 80% of MIT graduates to complete their education without incurring debt, which is significantly higher than the national average of 40%. In the academic year 2022, the average MIT scholarship amount was $53,997 USD (approximately 44.34 lakhs INR).
In addition to MIT scholarships, students may also receive financial assistance from external sponsors to help cover their educational expenses. Furthermore, MIT allows all students, regardless of financial need, to work while studying. International students, in compliance with the guidelines of their US student visa, can work up to 20 hours per week.
MIT USA scholarship for Indian students
| Income Range (USD) | Students Who Received MIT Scholarships |
|---|---|
| Below 65,000 | 99% |
| 65,000 to 100,000 | 98% |
| 100,000 to 140,000 | 97% |
| 140,000 to 175,000 | 96% |
| 175,000 to 225,000 | 90% |
| Over 225,000 | 47% |
So, for Average MIT Scholarship and Expenses Covered, we have the following numbers:
| Average MIT Scholarship | Expenses Covered |
|---|---|
| $68,679 | Tuition, fees, housing, and $1,251 for dining expense |
| $61,387 | Tuition, fees, and $5,509 housing cost |
| $52,980 | 95% of tuition |
| $44,467 | 80% of tuition |
| $34,242 | 62% of tuition |
| $22,354 | 40% of tuition |
MIT Scholarships for Undergraduate Programs
| Financial Aid Statistics | Values |
|---|---|
| Percentage of undergraduate students receiving need-based aid | Approximately 58% |
| Percentage of MIT scholarship recipients with grants covering tuition fees or more | 33% |
Factors Considered for MIT Scholarships:
- Family factors
- Number of people in the family
- Number of children currently attending college as an undergraduate
- Permanent residence
- Parent income and expenses
- Total parent income from all sources (taxed or untaxed)
- Taxes paid
- Unreimbursed medical expenses
- Private school tuition for younger siblings
- Total assets
MIT USA scholarship for Indian students application process
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Visit MIT USA scholarship for Indian students application website
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Complete the CSS profile
- Use the Collegeboard’s CSS Profile tool to determine eligibility.
- Required documents include parent’s 2021 income tax statements, records of money earned, current bank account balances, records of investments, and records of untaxed income.
- Answer supplementary questions.
- MIT CSS profile code: 3514.
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Submit Parental Tax Returns or Income Documentation
- After completing the CSS Profile, provide parent’s tax return statements to Collegeboard’s secure IDOC (Institutional Documentation Service) for processing.
Application deadlines
- Early Action: November 30
- Regular Action: February 15
- Continuing Students: February 15
MIT Scholarships for Postgraduate Students
| Financial Aid Options | Description |
|---|---|
| MIT Scholarships for Tuition Fee | Some postgraduate programs offer partial tuition fee waivers as MIT scholarships. |
| Graduate Fellowships | Graduate fellowships provide partial or full tuition fees along with a stipend for living expenses. |
| Need-Based Scholarships | MIT also provides need-based scholarships for certain graduate programs, the amount depends on the applicant’s needs and chosen degree program. |
| Teaching Assistantships and Research Assistantships | Graduate students can receive financial assistance through teaching assistantships and research assistantships. These stipends are considered “earned income” for tax purposes. |
External Scholarships for International Students
International students at MIT who are not eligible for federal grants and scholarships can explore external scholarship opportunities. These scholarships are funded by trusts, corporate firms, and government entities. They serve as an alternative source of funding for postgraduate students as MIT scholarships are primarily limited to master’s and doctoral programs.
Scholarships for Indian Students at Massachusetts Institute of Technology (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 (INR 1,00,000 to 10,00,000) + additional gift (INR 75,000, case dependent) | Over 60% in bachelor’s degree, below 45 years of age, enrolling in a 2-year master’s program |
| Debesh-Kamal Scholarship for Higher Studies | INR 1,00,000 for tuition fees | Below 30 years of age, preferably beginning a degree in social science or a 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 USD 100,000 | Minimum 70% in bachelor’s program, below 30 years of age |
| KC Mahindra Education Trust Scholarship | Interest-free loan (INR 4,00,000 to 8,00,000) | At least 65% in undergraduate program |
MIT is dedicated to providing robust support through MIT USA Scholarship for Indian Students and fellowships, particularly for international students on an F1 visa. Therefore, it is encouraged for students to explore MIT scholarships during the pre-admission process. By combining MIT scholarships and fellowships with external scholarships, international students can pursue their desired degree program at an affordable cost.
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