Hey there! I've been researching possible scholarships for when I apply to college, and I know MIT is very competitive. Does MIT offer full-ride scholarships, or do they only give need-based financial aid? Thanks in advance, guys!
Hello! MIT is known for its generous financial aid policies. While they don't offer merit-based scholarships, including full-ride scholarships, their need-based financial aid packages can cover the entire cost of attendance for some students, depending on your family's financial circumstances.
MIT is committed to meeting 100% of each student's demonstrated financial need, which means they will work with you and your family to create a package that makes the school affordable. This assistance can include a combination of grants, work-study opportunities, and student loans. For some students with very low-income backgrounds, this might result in a financial aid package that covers the entire cost of attendance, which could be considered as a "full-ride" in terms of covering the costs.
As you plan your college application strategy, keep in mind that MIT's financial aid is geared towards making the school accessible to diverse students regardless of their financial situation. You can also explore external scholarships and grants to supplement your financial aid package if necessary. Good luck with your college journey!
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