Undergraduate expenses
Graduate student expenses
How will I finance my family’s share?
Is my family eligible for tax benefits?
STUDENT BUDGET WORKSHEET
| Expenses | _________ | Resources | _________ | |
| Tuition and fees | _________ | MIT scholarship | _________ | |
| Housing | _________ | Term-time work | _________ | |
| Meals | _________ | Student loan(s) | _________ | (enter net amount after subtracting any fees) |
| Books and school supplies | _________ | Outside scholarship(s) | _________ | |
| Local transportation | _________ | Payment from current resources to MIT – fall | _________ | |
| _______________ | _________ | Payment from current resources to MIT – spring | _________ | |
| _______________ | _______________ | _________ | ||
| _______________ | _______________ | _________ | ||
| _______________ | _______________ | _________ | ||
| A. Total expenses: | _________ | B. Total resources: | _________ | |
| C. Net amount to finance (A minus B): | _________ | |||
Now enter the amount from line C into the payment options calculator to see what your family’s approximate average monthly payments would be by using various financing options that combine loans and the MIT Monthly Payment Plan.
