Monday 9 April 2007

Can I afford studying at the MIT?

Good question! On their website they say these are the undegraduate cost per year:

Tuition and fees $33,600
Room and meals $9,950
Books and personal expenses $2,800
Total cost for MIT undergraduates $46,350

Great. How I am gonna pay it? They say:
Financial Aid for International Students

International students are eligible for financial aid. As with US citizens and permanent residents, we consider every student for admission without regard to his or her financial need. In other words, applying for financial aid will not hurt your chances of admission. We admit the students best matched for MIT, regardless of their financial situation.

What's more, MIT is committed to providing all admitted students, including international students, with a financial aid package that fully meets their demonstrated need. Greater than 80% of MIT international students receive financial aid in the form of grant/scholarship (the average grant for international students is over $30,000 per year), totaling more than $8 million annually disbursed to international students.

This means basically that I have good chances to cover almost the whole tuition fee with their Grant. The rest should not present a problem, I hope :)

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