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SAMPLE AWARD LETTER
Below is a sample financial aid award letter, which is sent to students who were admitted to MIT and applied for financial aid. Roll over the sections to see information about what they mean. For more information, you and your parents should also read "ComMITment," a booklet that came in the mail with the award letter and other materials. If you don't have it handy, you can read or print the PDF version of "ComMITment."
March 17, 2008
Mr. Samuel Sample
123 Sample St.
Sampleville, MA 99999
Dear Samuel:
Congratulations on your admission to MIT. We in Student Financial Aid look forward to working with you and your family over the next four years.
We have reviewed your application for financial aid for the 2008-2009 academic year and are pleased to make this tentative offer of financial aid assistance based on a careful analysis of the information you provided.
Your need was calculated using the Budget and Resources detailed below:
| Budget Category | Amount |
|---|---|
| Tuition and fees | 36,390 |
| Room and meals | 10,860 |
| Books and personal | 2,850 |
| Travel | 400 |
| --------- | |
| Budget totals | 50,500 |
| Resources | Amount |
|---|---|
| Student contribution | 1,900 |
| Parental contribution | 9,760 |
| --------- | |
| Total Resources | 11,660 |
| Need (Budget - Resources) | 40,280 |
To meet your need, MIT offers you the following assistance:
| Source: | Fall | Spring | Total |
|---|---|---|---|
| MIT Scholarship | 18,715 | 18,715 | 37,430 |
| Self Help Offer | 2,375 | 2,375 | 4,750 |
| -------- | -------- | -------- |
| Total Awards: | 21,090 | 21,090 | 42,180 |
The above financial aid award is tentative pending receipt of the following items:
MIT Student Information Review Form
Self-Help and Outside Award Reply Form
Every student with MIT Scholarship is required to complete the Student Information Review Form. Information from your Student Information Review Form will be used to match you with appropriate named scholarships. The Student Information Review Form must be completed and returned before your MIT Scholarship will be credited to your student account statement. A copy of this form may be obtained from the “Forms and Publications” section of our web site at http://web.mit.edu/sfs/.
If you received a Self Help Offer as part of your financial aid package, it is up to you to decide how much of the Self Help you wish to allocate to loan and/or job. We ask that you communicate your decision to our office via the Self Help and Outside Award Reply Form. You may obtain a copy of this form online at http://web.mit.edu/sfs/ in the “Forms and Publications” section. Please complete and return the form to our office as soon as possible.
Please feel free to contact Student Fnancial Aid at 617/253-4971 with any questions regarding your financial aid award or visit our web site at http://web.mit.edu/sfs/index.html.
Sincerely,
Daniel T. Barkowitz
Director, Student Financial Aid & Employment
http://daniel.mitblogs.com
