You can track the status of your financial aid application by checking MIT Online Financial Aid System.
Ordinarily, getting your financial aid award notification is not the end of the application process. You need to accept your financial aid award by following additional steps. If you don’t do this, we can’t disburse the funds to your student account and you may receive a late charge for not paying your bill on time.
The steps for finalizing your financial aid award are different depending on:
If we offer you need-based financial aid, you must keep us informed of all your other sources of financial aid so we can make sure you're not overawarded. Any need-based financial aid we offer to any undergraduate, graduate or professional student is subject to change due to the receipt of additional need- or merit-based financial aid.
If you are overawarded, we reduce your financial aid package so your total need-based financial aid does not exceed your financial need and so your total need- and merit-based financial aid does not exceed your budget. It’s possible for your financial aid award to be cancelled or adjusted after it is disbursed to your student account. We’ll notify you if we need to adjust your financial aid package.