Financial Aid Statement



Below please find a financial aid statement that represents our response to your request for financial aid for the 1996-1997 academic year at MIT. You must reapply for financial aid from MIT each year.

Based on our analysis of your financial aid application, we are able to offer you the financial aid package itemized below. The award is based on the assumption that you will enroll as a Senior for the Fall/Spring term(s) of 1996-1997, and you commute from the home of a family member.


Sources of Family Contribution

Cost of Attendance for aid year 1996-97

Parent's Contribution:

5400.00

Books/Supplies Allowance:

850.00

Student's Income:

2000.00

Room and Board Allowance:

6350.00

Student's Asset Contribution:

130.00

Travel and Personal Expenses:

2450.00

Tuition:

22000.00

Direct Loan Fee (1):

0.00

Subtotal:

31650.00

Total Family Contribution:

7530.00

(minus)

7530.00

Your Total Eligibility:

24120.00

Your financial aid eligibillity can be met with the awards listed below:

Fund/Source

Summer

Fall

Spring

Total

Grant

MIT Grant

5360.00

5460.00

10820.00

Jason Bailey Fund

700.00

700.00

1400.00

Loan

Technology Loan Cosigned

2550.00

2550.00

5100.00

Outside Scholarship

Houstan Endowment, Inc.

1250.00

1250.00

2500.00

Weingarten Realty.

1500.00

1500.00

3000.00

Parent Loan

MEFA Mass Plan Loan

5500.00

5500.00

Work

Work Eligibility

650.00

650.00

1300.00

Total Financial Aid Eligibility Met:

29620.00

(1) This fee applies only if you choose to obtain a Driect Student Loan

Please direct questions regarding your financial aid statement to:

Student Financial Aid Office
5-119
Telephone: (617) 253-4971
Fax: (617) 258-8301
E-mail: finaid@mit.edu


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Last updated: January 20, 1997
Created By: Huey S. Chan, updated by Jag Patel E-mail: hschan@mit.edu
URL: http://web.mit.edu/hschan/www/finstmt.html/