Scholarship Overview
The Massachusetts Institute of Technology (MIT) utilizes its endowment fund, managed by the MIT Investment Management Company (MITIMCo), to support undergraduate financial aid, research, and education. Following the fiscal year ending June 30, 2026, MIT's endowment reached $29.2 billion. Income from these funds covers approximately half of undergraduate tuition costs, ensuring that an MIT education remains open to talented individuals regardless of their economic background.
MIT follows a need-blind and full-need admissions policy for all undergraduate applicants. During the 2025–26 academic period, 58 percent of undergraduate students received need-based financial aid, with the average need-based MIT scholarship amounting to $66,155. Additionally, 44 percent of undergraduates received sufficient scholarship funding from MIT and outside sources to cover their entire tuition.
Who Can Apply
Financial assistance is available to undergraduate students from both the nation and across the globe. Financial aid tiers are based on household income and assets:
- Students from families earning under $200,000 annually with typical assets receive full tuition coverage via scholarships.
- Students from families earning under $100,000 annually with typical assets owe nothing toward the cost of their MIT education.
Specific academic qualifications, age requirements, or application prerequisites are: Not specified in the source; please check the official notice.
Benefits
Funding provided through MIT financial aid provides key benefits for undergraduate students:
- Full tuition coverage or zero out-of-pocket costs based on family income level.
- Significant debt reduction, allowing 88 percent of the Class of 2026 to graduate with zero debt.
- Lower overall expenses for families, with financial aid recipients' parents paying on average 10 percent less on a real basis than at the end of the Great Recession.
How to Apply
MIT Student Financial Services works directly with undergraduate families who require financial assistance to make studying at MIT affordable. Specific submission procedures, required financial forms, and application deadlines are: Not specified in the source; please check the official notice.
Source: fully funded scholarships 2026 - BingNews · Published October 03, 2026
Always confirm deadlines and eligibility on the official scholarship website.