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#Finance Your MBA

MIT Sloan matriculates the most promising MBA candidates regardless of financial circumstances. After acceptance, each incoming student begins the three-tiered financial aid process:

1. Establish eligibility for federal and private loans in collaboration with MIT Student Financial Services .
2. Automatically considered for fellowships and scholarships awarded by MIT Sloan and other MIT departments or related organizations. For incoming students, these awards are granted after a review process that is independent of your acceptance. Except for the Legatum Fellowship and the MIT Public Service Center Fellowships, which are awarded through the respective organization, admitted applicants are considered for as many as nine different fellowships for which they are eligible.
3. Apply for additional sources of financial assistance administered by external foundations and organizations.

After the first semester Core, students are eligible to serve as teaching or research assistants , opportunities that defray the cost of education while providing a unique learning experience.

Tuition and Expenses

Tuition and expenses for a single student for the academic year 2015-2016 are shown below. This student budget varies depending on family size and can be adjusted by MIT Student Financial Services upon request. Additional living costs may vary widely, depending on your lifestyle, the size of your household, and other personal details. Most of our graduate students make one tuition payment before each term. Students also can choose the MIT Monthly Payment Plan. which allows them to pay tuition in four installments during the term.