SAMPLE GRADUATE student FINANCIAL AID PACKAGES
These are sample student aid packages for 2009-10. The student expense budgets may vary based on graduate program.
Domestic student (non-Sloan)
| Student total income |
$22,853 |
Financial aid package: |
|
| Student total assets |
$21,300 |
MIT departmental tuition award |
$37,510 |
| Student budget |
$63,084 |
MIT departmental stipend award |
$17,450 |
| EFC |
$13,141 |
MIT departmental health insurance award |
$1,656 |
| Financial need: |
$49,943 |
Federal Direct Unsubsidized Stafford Loan |
$6,468 |
| |
|
Total aid package: |
$63,084 |
* This student received an aid package totaling more than his financial need because graduate students may always borrow unsubsidized and/or alternative loans to cover part of their EFC. The student’s need is more than covered by the departmental tuition and stipend awards.
International student (non-Sloan)
| Student budget |
$63,084 |
Financial aid package: |
|
| EFC |
$0 (does not apply for international students) |
Alternative Loan Eligibility |
$63,084 |
| Financial need: |
$63,084 |
Total aid package: |
$63,084 |
Second-year Sloan School student (U.S.)
| Student total income |
$22,282 |
Financial aid package: |
|
| Student total assets |
$38,000 |
Federal Perkins Loan |
$8,000 |
| Student budget |
$74,224 |
Federal Direct Subsidized Stafford |
$8,500 |
| EFC |
$18,278 |
Federal Direct Unsubsidized Stafford Loan |
$10,000 |
| Financial need: |
$55,946 |
Alternative Loan Eligibility |
$47,724 |
| |
|
Total aid package: |
$74,224 |
First-year Sloan School student (international)
| Student budget |
$77,224 |
Financial aid package: |
|
| EFC |
$0 (does not apply for international students) |
Alternative Loan Eligibility |
$77,224 |
| Financial need: |
$77,224 |
Total aid package: |
$77,224 |
