Scholarships, grants and fellowships are types of funding you receive for your education that you don’t have to pay back. The main differences lie in the criteria used to award this gift aid and which students are eligible to receive them. In general, scholarships and fellowships are awarded based on academic merit and grants on financial need. Scholarships are awarded to undergraduate and graduate students, grants are awarded primarily to undergraduates, and fellowships primarily to graduate students. The most important thing for you to know about gift aid is how to apply for it.
You’re automatically considered for MIT scholarships and federal grants when you apply for MIT undergraduate financial aid. You have to apply separately for state grants and scholarships and outside or private scholarships. Click on a link below for more information.
For graduate students, a fellowship or traineeship is an award that covers full or partial tuition, and also provides a stipend to help defray living expenses. A scholarship covers full or partial tuition only. Although most graduate scholarships and fellowships are made on the basis of academic merit, financial need is a factor in some instances.
MIT receives funds from individual donors and corporations for fellowships and scholarships. In addition, government agencies and foundations offer fellowships that they award either directly to outstanding students for use at institutions of their choice or, in a few cases, to institutions to administer on behalf of students.
If you’re an applicant to MIT graduate programs seeking financial support from any of the fellowships, traineeships, or scholarships administered by MIT, included those granted by national agencies and foundation, you just check the appropriate items on the regular Graduate Application for Admission and Financial Aid. If you’re admitted to an advanced degree program, you are automatically considered for any awards for which you are eligible.
If you are a currently enrolled graduate student seeking financial support you should consult with the appropriate department.
The MIT Graduate Students Office (GSO) is the best source of information about appointments to the research or teaching staffs, internal and external fellowships, study-abroad grants, and employment as a graduate resident tutor.
If you’re a U.S. citizen, another useful source of information on external graduate scholarships and fellowships is Students.gov.
These MIT offices are resources for scholarships, grants, and fellowships for all students, although they’re primarily targeted to those already enrolled at MIT.
Offices for study-abroad funding:
Room 11-320 |
Monday, Tuesday, Thursday, Friday – |
Among the changes: starting in 2008-09, families of undergraduates earning less than $75,000 a year will have tuition fully covered by grant aid, and all undergraduates will have self-help lowered. See the MIT press release as well as a Q&A and background statistics from SFS.
MIT has its own profile on U-CAN (the University and College Accountability Network), a free, consumer-oriented college information web site developed by the National Association of Independent Colleges and Universities.