Residency, Tuition, and Funding

Residency/Enrollment

Admitted students are required to enroll in the M.Fin. Summer term as well as two regular terms of full time graduate study. MIT students who have taken both 15.401 and 15.402 prior to enrollment in the M.Fin. may be permitted to waive the Summer term.

Tuition and Estimated Expenses

(For a single student, no dependants)

Summer 2009 Tuition	$ 12,500
Fall 2009 Tuition	$ 28,750
Spring 2010 Tuition	$ 28,750
Medical Insurance	$ 1,700
Books and Supplies	$ 1,800
Computer	$ 3,000
Food	$ 4,500
Personal	$ 2,850
Housing	$ 12,000
Transportation	$ 2,500
Student Life Fee	$ 272
TOTAL	$ 96,622

We anticipate a 3-5% increase in tuition rates for 2010-2011. Students who begin their enrollment in September may subtract the Summer tuition from the total estimated amount.

Funding

Support typically includes savings,loans, fellowship/scholarship, government or employer sponsor, or some combination of these. Fellowship funds specific to the M.Fin. are currently not available. Students are, therefore, expected to be self-funded. For information about financial aid options, visit MIT Student Financial Services.

Please note that a new private loan program has been established with MIT’s Federal Credit Union for Sloan’s professional masters programs (MBA, LFM, Sloan Fellows, Master of Finance, Master of Science in Management Studies). This new option has a competitive rate structure and provides borrowing options up to the cost of education for domestic and international students, including students who seek to borrow without a domestic cosigner. This program complements other currently available educational financing options. More information is available at the MIT Student Financial Services website.