MIT Technology Loan

A low-interest undergraduate student loan for international students awarded by MIT on the basis of financial need. Often referred to as a Tech Loan. Please refer to our guidance on Private Education Loans before applying for a non-federal student loan.

How to Apply

Applying for the first time? Complete steps 1-5 before the start of the academic year to receive credit on your fall semester bill. Applications are accepted throughout the academic year.

Reapplying? Complete steps 1-2 before the start of the academic year to receive credit on your fall semester bill. Applications are accepted throughout the academic year.

• Step 1 – Complete MIT’s financial aid application process. The deadline is February 15 for freshmen and April 15 for other undergraduates. The MIT Technology Loan will only be awarded at your request, which may be done on our undergraduate loan request form.
• Step 2 – The loan request will be included in a revised award letter. If the loan was awarded without a co-signer, you may skip step 3.
• Step 3 –When you receive your revised award letter we will request the name and address of your co-signerso that we can mail them their application (you may also give us this information when you make the loan request in the first place).  If you prefer, you can come in to Student Financial Services to pick one up and mail it yourself.
• Step 4 – An email will be sent with an Application and Solicitation document with instructions to complete a Self-Certification Form for the MIT Technology Loan and Private Education Loans. Upon receipt of the completed self-certification form, you will receive two additional disclosures and you will need to sign the MIT Technology Loan Promissory Note. The funds will not be released to your student account until after a three day cancellation waiting period.
• Step 5 – Complete online loan entrance counseling on WebSIS.

About This Loan