A federal low-interest loan for U.S. graduate and professional students (and U.S. parents of U.S. undergraduates).
Applying for the first time? Complete steps 1-3 by July 1 to receive an anticipated financial aid credit on the fall bill or by December 1 for the spring bill. Applications are accepted throughout the academic year.
Reapplying? Complete step 1-2 by July 1 to receive an anticipated financial aid credit on the fall bill or by December 1 for the spring bill. Applications are accepted through the academic year.
Deadlines. The date for priority consideration is the April 1st which precedes your enrollment date. MIT will continue to accept applications throughout the academic year.
Students planning to finish their program in the summer term need to have completed and submitted their financial aid application by August 1st. Students who plan to graduate in February must have submitted a complete financial aid application by December 1st. Students planning to be here in the spring term must have completed their financial aid application by May 1st. If you miss the deadline, your loan eligibility will be limited to non-Federal loans.
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Loan exit counseling
If you borrowed a Federal Direct Stafford Loan, Federal Perkins Loan or Federal Direct Graduate PLUS Loan, you are required by federal law and MIT policy complete an exit interview online before graduation. If you borrowed an MIT Technology Loan, contact your loan counselor to schedule an exit interview. Required reading: the SFS loan exit counseling guide.
Loan entrance counseling
For Federal Direct Loans visit StudentLoans.gov to complete loan entrance counseling and sign a master promissory note. For Federal Perkins Loans visit iPROMise to complete loan counseling and sign a master promissory note.
Campus Partners handles billing and payment for Federal Perkins Loans and MIT Technology Loans.
StudentLoans.gov handles billing and payment for Federal Direct Loans and Graduate PLUS Loans.
Loan payment calculator
Estimate your loan payments.