Important news about financial aid for 2008-09!Read the MIT press release as well as a Q&A and some background statistics on financial aid enhancements. |
If you wish to apply for or renew your scholarship, loan and job assistance from MIT, your financial aid application is due April 15, 2008. Financial aid award decisions are sent in mid-June. Mail or fax all documents directly to Student Financial Services. You can track the status of your financial aid application by checking WebSIS. Remember to keep copies of all your application documents. Also keep in mind that after you are awarded financial aid there are additional steps you must take before your aid is disbursed. Those steps are outlined on the page for finalizing undergraduate awards.
Late financial aid applicants will be assessed a penalty of $250 per month during the period from April 15 through July 1. Students who complete financial aid applications after July 1, 2008 are, under normal circumstances, ineligible to receive financial aid for the fall term. If you have extenuating circumstances that will delay completion of your financial aid application, please contact your financial aid counselor before April 15 to request a deadline extension.
College Board International Student Financial Aid Application
Download the 2008-2009 International Student Financial Aid Application and complete it.
Separated or divorced parents
If your parents are separated or divorced, you have an additional application requirement, because we ask that both your parents provide financial information so we can determine your family contribution using information from each of them.
Both your parents must submit separate copies of the College Board International Student Financial Aid Application, separate parent income tax returns or wage statements, and (if necessary) a CSS Business/Farm Supplement, as explained in the following sections.
Parents’ federal income tax return (translated to English)
Send a signed and dated copy of all pages and schedules of your parents' most recent income tax return, if applicable.
If your country does not have an annual income tax form, send a letter from each parent's employer(s) stating the annual salary earned in local currency.
Translate all materials into English, but report all figures in your local currency.
Write your name and class at the top of all materials.
CSS Business/Farm Supplement
If either of your parents is self-employed or owns any part of a business or farm, s/he must complete a CSS Business/Farm Supplement for each business or farm in which any interest is held.
Additional information
If your family has special circumstances or unusual expenses, or you have any other information that will help us understand their financial situation more completely, please send us a letter detailing that information.
Write your name and class at the top of the letter.