MIT Scholarship For Indian Students: Eligibility & Tips

Popularly known as MIT, the Massachusetts Institute of Technology is one of the best universities in the United States of America. There are many students globally who wish to become a part of this institute. Apart from providing world-class education, MIT also offers a unique environment for research. That said, studying at this prestigious institute isn’t exactly affordable. MIT is known for its high academic fees. The average cost of pursuing any programme at MIT is approximately $73,160. Luckily for international students, in particular, there are various scholarships, grants, and fellowships available. These avenues of financial aid can be used by MIT students to reduce the cost of studying. Read on to learn about MIT Scholarships and how to get them from India.

Overview of Massachusetts Institute of Technology Fee

Before we get into the different MIT Scholarships that Indian students can apply for, let’s discuss the varying fees individuals have to pay at MIT: Application Fee – The average application fee for MIT is $75. However, fee waivers may be given to students who can’t afford this amount.

• Accommodation/House – $11,550
• Books and Supplies – $840
• Meals – $6650
• Personal Expenses – $2200
• Tuition Fee – $53,550

All the figures mentioned above are estimates. The actual figures may differ slightly.

For Bachelor Programmes

MIT provides need-based financial aid to students with UG degrees. Here are some factors the institute considers to calculate the aid for MIT Scholarships.

• The number of individuals in the family
• Number of siblings attending college as a UG currently
• Taxes paid
• Permanent residence
• Total income of parents (whether taxed or untaxed)/ family income
• Total assets
• Total private school tuition for younger siblings (if any)
• Medical expenses (unreimbursed)

For Undergraduate Programs

Wondering how undergraduate students can apply for MIT undergraduate scholarships? Here’s how. Applicants need to complete the following steps to apply for MIT Scholarships.

1. CSS Profile

CSS is a college board tool used to determine an individual’s eligibility for the scholarship program. These are the documents that applicants need to provide:

• Bank statements
• Statements of parent’s income tax (immediate one)
• Records of untaxed income
• Documents of all the investments

Apart from submitting these documents, applicants must answer the supplementary questions.

2. Documentation of Parent’s Income Tax Returns or Income

After submitting the CSS profile, applicants need to submit statements of their parent’s income tax return to the college board’s secure IDOC or Institutional Documentation Service for processing.

For Postgraduate Programmes

The MIT Scholarships for graduate programs are usually decentralised. That is, individual departments manage these. While some programmes offer partial tuition waivers off MIT Scholarships, others assist students via fellowships. At this institute, graduate fellowships provide partial or full tuition fees to Indian students. In addition, individuals get a stipend to cover living expenses. This amount may be up to $4000. The institute also provides low-income students with a grant for the first year to help with the extra college transition expenses. It is known as a first-year grant and is generally $2000.

Important Dates of MIT Scholarships for Indian Students

Early Action Application Deadline – November 30 Regular Action Application Deadline – February 15 Continuing Students’ Application Deadline – April 15

Eligibility Criteria

• Proof of admission to either an undergraduate or postgraduate program.
• Minimum of 65% in UG degree (For those applying to PG courses)

MIT Scholarships for International Applicants

While domestic students are entitled to federal scholarships and grants, international students aren’t. So, if individuals cannot secure in-house MIT Scholarships, they can opt for scholarships in their own countries. Some MIT Scholarships that Indian students can apply for to study at MIT.

Scholarship Name	Benefits	Eligibility
Fulbright-Nehru Master’s Fellowships	• Tuition fees • Healthcare expenses • Partial living expenses	• Minimum 55% in bachelor’s program • Community service experience • Three years of work experience (minimum)
Inlaks Shivdasani Foundation Scholarships	• Up to 100,000 USD	• Minimum 70% in bachelor’s program. • Applicants should be below 30 years of age
JN Tata Endowment For Higher Education of Indians	• Loan scholarship between 1,00,000 and 10,00,000 INR • An additional gift worth INR 75,000 (depending on the case)	• Minimum 60% in bachelor’s degree • Enrolling in a two-year master’s programme • Below 45 years of age
KC Mahindra Education Trust Scholarship	• Interest-free loan of INR 4,00,000 to 8,00,000	• Minimum 65% in bachelor’s program

Tips for Getting MIT Scholarships

Here are some basic steps to help you through the MIT Scholarships process:

• Prepare all your essential documents well in advance.
• Constant discussions with peers are vital to staying updated with the latest happenings.
• Be as authentic as possible in your applications for MIT Scholarships.
• Complete and due diligence in reviewing your scholarship application draft is vital.
• Apply for both internal and outside scholarships for studying at MIT.

Conclusion

While the Massachusetts Institute of Technology is one of the top universities globally, pursuing a program, there can be hard on the pocket. The average tuition fee at MIT is approximately $53,450. This overwhelming cost can be reduced for Indian students via MIT Scholarships and fellowships. That said, the institute only provides scholarships based on a student’s financial needs. Applicants can fill out the application form for financial assistance after getting MIT admission. As getting internal MIT Scholarships isn’t easy, Indian students must also apply for external scholarships. Go through the details, process, and tips for MIT Scholarships to prepare better.

For further information on scholarships and fellowships in the USA for Indian students, book a free counselling call on LeapScholar today.

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