Finances
can be the deciding factor for attending MIT, it can even influence
pivotal aspects of your campus experience and long after graduation. Whether it
be the exorbitant dorms prices that affect entire cultural spheres of campus,
attitudes toward careers are narrated by money ahead.
Make no mistake MIT certainly
makes a concerted effort to help First Generation/Low Income (FLI) Students,
MIT truly believes in admissions
goal to recruit the world’s best and brightest to
Challenge the beliefs that may
paint the “When there’s a will, there’s a way “
Pinch pennies
The priority is to put
look ahead at the chapters that
encompasses
As per the style of H2GAMIT: much
of the chapter will not be “sound financial advice” that would be peddled on
online listicles or from your parents, http://www.ncua.gov/consumers/financial-literacy-resources
but a stratified array of all the
opportunities, tangible funds, and that hopefully wont be hidden through
hindsight
Rather respect that people that are
capable utilizing calculated risks, know when to concede, and prioritize
planning to minimize the setbacks that lie ahead.
Resources here can help with
other schools
Paying the ‘Tuting Piper
This section will mostly go over
the physical and fiscal process of actually attending the “Institute , such as
Conventional Wisdom about this
topic would direct you to
MIT’s Internal Report on return
on investment,
the expect salary of graduates
entering industry
the litany of Alumni Groups
Alumni Connection https://alum.mit.edu/about/benefits-and-offerings/infinite-connection
It can be an entirely valid
perspective to view higher education as a business negotiation,
many people don’t have to deal
with the gravity of paying for college tuition, $79,000 a year? This is
absurdly higher than the annual average income for
however often this is for people
that have options, and
deconstruction has to internal to
the person’s own MIT has a small army of nearly 149,000 [1]alumni
Unsurprisingly
However, the unfortunate answer
is that few resources (except this book ofc)
often wont be an arbitrary figure
Ecstatic about
Some people
This chapter will cover the
{
Source : [https://sfs.mit.edu] }
Undergrad Financial Aid Portal
{
Source : [https://fadata.mit.edu] }
Graduate Financial Aid Portal
{
Source : [https://mit.igrad.com] }
A Dissection
Historical Trends
Paying
Requirements
Domestic
FAFSA
CSS
IDOC
Submitted Tax Forms
International
Undocumented
Special Circumstances (Unregistered, Leaves, Suspension, Etc)
MIT Hosts Tax Workshops for
students in March
7pm Workshop for Non-residents
for tax purposes
8pm Workshop for U.S.
Citizens/Residents for tax purposes
(international students in the US
more than 5 years; international scholars in the US more than 2 years, as well
as U.S. citizens)
ISO will make available for free
(for filing U.S. Federal income tax returns) a new nonresident income tax
return preparation software this year, Sprintax (replacing Glacier Tax Prep)
Advice for Talking to the Financial Aid Office
Loan Websites [MM2]
{
Source : [https://www.campusdoor.com] }
Did You Know? Students
used to work at the IS&T help desk, working at various locations on campus
with perks such as weekly free lunches and cupcakes for every person helped
{ Source :
[https://mitadmissions.org/blogs/entry/making_money_my_campus_job/] }
Scholarships & Fellowships
Types of Scholarships
Scholarship Databases
https://scholarships.fatomei.com/scholarships-for-minorities.html
Graduate Fellowships Databases
https://mit.whoi.edu/admissions/funding/graduate-fellowship-opportunities/
https://mit.whoi.edu/admissions/funding/financial-support-options/
https://oge.mit.edu/fellowships/fellowship-tips/other-resources/
https://mitfcu.studentchoice.org/apply/
https://mitfcu.studentchoice.org/approved-undergraduate-schools/
https://mitfcu.studentchoice.org/college/undergraduate/eligibility/
https://mitfcu.studentchoice.org/faq/undergraduate/
https://mitfcu.studentchoice.org/resources/
https://mitfcu.studentchoice.org/resources/student-loan-info/
https://mitfoundationhk.mit.edu/
Sponsors & Private Parties
Meal Plan Reduction
It is very emails near the end of the year for free food
The “Actual” Cost of being at MIT
Free Stuff at MIT
Taxes
alum.mit.edu email, MIT ID for
Alumni, Apparently you get access to the MIT Technology review for free,
discounts and offerings to MIT Professional Education, edX Courses, Sloan
Executive Education, Advisor Hub, Alumni Job Board, MIT FCU Offers Alumni
benefits, (Steal Links later) Steal this later too: https://alum.mit.edu/about/alumni-benefits-and-offerings/discounts
It is accessible in a few place
such as Vending Machines, Dining Halls,
It is sometimes awarded
https://techcash.mit.edu/
Academic/Educational Assisting
Undergraduates
TA
LA
Graduates
{ Source :
[https://mit.studentemployment.ngwebsolutions.com] }
{
Source : [https://wgssi.mit.edu] }
{
Source : [https://act.mit.edu] }
{
Source : [https://frc.mit.edu] }
{
Source : [https://mitpension.ehr.com] }
Fight For Fair Wages
Petition for MIT Employee
Inflation Relief!
Student Worker Alliance
Have create anti-inflation
legislation
http://tinyurl.com/MITinflationRelief
They are not just undergraduates:
they are a coalition of MIT undergraduate students, graduate workers,
employees, and contract workers across campus.
studentworkeralliancemit@gmail.com
Twitter: @MIT_SWA
Instagram: @MITSWAlliance
Graduate
Student Union
{ Source
: [https://mitgsu.org] }
Did You Know? apparently
the lowest meal plan option was $300 ($431.28 today) back in 2009, and you
would get a half price discount if you eat more than $600
{ Source :
[https://mitadmissions.org/blogs/entry/dining/] }
https://alum.mit.edu/communitiesmit-students/working-and-volunteering
Annual Student Roles
Research Studies/Clinical
Trials[MM6]
most of these depend on the
demographic that you are fine pushing for yourself (this is the part where
Lying is ok!) some of the can be requirements are ridiculously strict, but some
locations dont have an issue mending a few outliers if it helps get
participants or to not "make the study look bad" (actual words)
Some of the disqualifying
questions are very obvious but again whether you not lying = selectively
truthful is on you.
Some studies will 'check if you
are in other trials' but sometimes often it wont conflict, so they more so
check within their own internal database.
Due to confidentiality
studies/doctors dont know what the study is about outside of serialized non
identifiable tags and most rely on self-snitching to weed you out.
Though dont get caught, you do
not want to be known as a hypochondriac or "gaming the system"
Anyway those links (in no
particular order, I wanted to do "by helpfulness" but again depends)
https://husp.sona-systems.com/Default.aspx?ReturnUrl=%2f
Harvard behavioral science lab,
you can create an account and see what is available. Most of these are geared
for 'healthy participants' and more so interviews and solving puzzles. Some of
these have decent payout, you can totally lie and say you need money for
transportation, and they'll give you some money($10-20) for basically free.
Most of the big winners are the MRI/EEG scans 2-3 hours of work and screening
forms but usually you can net $100-200 a visit. Though you will have to travel
to Harvard for most, not far but if you are unfamiliar/dont have a bike rip you
could get lost.
https://rally.massgeneralbrigham.org/
premier centralized resource for
clinical trials, there are a lot of search features and when you click on a
study, it often just tells you upfront the time investment, what they ask for
you, and compensation. I found some good ones
https://www.bostontrials.com/#!/
this place has dope trials, pays
a ton and they have pretty nice benefits (breakfast, lunch, and dinner, paid
transportation) This is where I found the $375 a day one, there was an even
higher paying $1,850 trial I really wish I could take if it didnt cause so much
collateral damage, as mentioned.
https://www.massgeneral.org/research/clinical-trials
I havent used it but seems
similar to rally so it has my support.
https://boston.craigslist.org/search/etc#search=1~thumb~0~0
Ok you can find some weird ass
studies by actual hospitals but it has my recommendation, there was one sleep
study that was going to pay $3,960 but 'too honest'
https://cctr.mit.edu/research-studies
https://agelab.mit.edu/get-involved/volunteer
Ok actual MIT things, these are
lame but ig convenient
https://mailman.mit.edu/mailman/listinfo/bcs_subjects
^this is the official mailing
list if you want to be notified when better call saul becomes a CMS subject, Jk
if its you want to be notified for a research study
Sort of same thing MRI scans pay
a lot but tbh dont put up with any of the dinky amazon gift card ones. It is
important to have a personal policy of how much youd like to be paid, for me I
am entitled and wont take anything below $25 an hour or for volunteering for a
project I really like/want to contribute towards.
https://mitbrl.sona-systems.com/Default.aspx?ReturnUrl=%2f
Similar to the Harvard Psych
Research site but idk I have had hit or miss experiences. again the money ones
are MRIs/CTs/EEGs but refer towards the previous statement about my thoughts
https://mitsloan.mit.edu/centers-initiatives/behavioral-research-lab/participants
I havent tried it but
https://tufts.qualtrics.com/jfe/form/SV_bpBkBgseC638NLM
{
Source : [https://cctr.mit.edu] }
Careers “Selling out For The Man”
Banks, Crypto, &
Credit Unions
Picking a Bank
MIT FCU
{ Source
: [https://mitfcu.org] }
{ Source : [https://mitfcu.studentchoice.org] }
{ Source : [https://mitfcu.frc.finresourcecenter.net] }
{ Source : [https://mitfcu.locatorsearch.com] }
Cambridge Trust[MM7]
{
Source : [https://www.cambridgetrust.com] }
Credit Cards[MM8]
capital one
quicksilver student card
SavorOne also.
·
free uberone subscription
·
10% cashback for uber rides/eats
·
3% for restaurants and groceries
·
$200 bonus if you spend $500
·
relatively easy card to get
·
(there's a student version and that might be better for getting
international coverage compared to the discover it),
·
opens the door for Capital One Venture or Venture X
·
note on the $200 bonus, don’t fall for this bs like I did:
https://www.reddit.com/r/CreditCards/comments/dyrw18/comment/f8ax43o/?context=3[MM9]
Wells Fargo
Autograph Card.
Pros:
·
3% Restaurants, Airfare, Hotels, Gas, Transit, Streaming Services,
and Phone Plans
·
$200 welcome bonus if you spend $1000
·
$600 Cell Phone Protection against damage/theft
·
Car rental collision damage waiver
·
No foreign currency conversion fee
·
No annual fee
·
Metal Core Card (kinda fun)
Cons:
·
Wells Fargo (not a super loved company)
·
Points have to be redeemed in increments of $25
Amex Gold,
- especially good if you’re not on a meal plan.
- 4x points on restaurants
(no transaction fee)
- Points useful for travel
and can be converted to cash at a lower redemption rate. 8% per dollar
- each month you get $10 in
Uber cash and $10 in statement credit for Grubhub, Cheesecake Factory, and
other places
Amex extends manufacturer warranty by one year (max 5)
- purchase protection for
90 days (damage, lost, stolen)
Cons:
capital one
quicksilver student card
·
no annual fee
·
1.5% on everything
·
$50 bonus when $100 is spent within first three months
·
10% cash back from uber-related purchases
·
$100 to referrer
·
no foreign transaction fees
discover it
student cash back card
·
1% standard reward; 5% rotating reward categories
·
x2 cash back in first year
·
$100 to referrer and referred
•
chase sapphire reserve card
·
$550 annual fee but also $300 travel credit
·
many misc. rewards/discounts for travelers
·
$50 to referrer Scholarship
·
no foreign transaction fees
Credit Unions
Cryptocurrency
Community/Student
Group/Individual Grants/Funding Sources with over 110 items also filtered for
relevant information and with Search Functionality on H2GAMIT website!
https://ome.mit.edu/programs/bamit-community-advancement-program-fund-bcap
https://capd.mit.edu/channels/exploration-fellowship/
https://shass.mit.edu/undergraduate/scholarships/kelly-douglas/traveling
https://urop.mit.edu/students/resources/eloranta/
https://web.mit.edu/tbp/www/fellowships.shtml
https://ua.mit.edu/financial-board#:~:text=Finboard%20Travel%20Grants
{
Source : [https://csf.mit.edu] }
https://csf.mit.edu/about/how_it_works
{ Source : [https://http://bakerfoundation.mit.edu/] }
{
Source : [https://mindhandheart.mit.edu] }
https://computing.mit.edu/cross-cutting/social-and-ethical-responsibilities-of-computing/
http://pbk.informz.net/z/cjUucD9taT05MTAzMjczJnA9MSZ1PTc5NDQwMzg4OCZsaT04MjY3NDQ1MQ/index.html
{
Source : [https://mit100k.org] }
{
Source : [https://seagrant.mit.edu] }
{
Source : [https://martin-fellows.mit.edu] }
{
Source : [https://deshpande.mit.edu] }
{
Source : [https://kavfellow.mit.edu] }
{
Source : [https://bosefellows.mit.edu] }
{
Source : [https://solve.mit.edu] }
https://ua.mit.edu/financial-board
https://ua.mit.edu/funding/finboard
Financial Transparency from Finboard[MM10]
In 2023 The Spring Cycle
allocations are complete. $272,227.60 was requested and $92,538.36 Were
allocated.
Appeals are available open here
and close the following Sunday at 11:59pm.
Please only submit appeals if you are in dire need of funding.
Source Andre. H ‘and Michael H
http://mindhandheart.mit.edu/index.php/about/department-support-program
https://studentlife.mit.edu/sole/finance
A Case for
Donating
How to
Donate Responsibly
http://giving.mit.edu/donor-advised-funds
http://giving.mit.edu/plc
https://giving.mit.edu/bitcoin-and-cryptocurrency
https://giving.mit.edu/faq
https://giving.mit.edu/gift_calculator
https://giving.mit.edu/international-gifts
https://giving.mit.edu/ira
https://giving.mit.edu/memorial-honorary-gifts
https://giving.mit.edu/planned-giving/bequests
https://giving.mit.edu/planned-giving/calculator
{
Source : [https://annualgiving.mit.edu] }
{
Source : [https://giving.mit.edu] }