Residency, Tuition, and Funding

Residency/Enrollment

M.Fin. 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. program may be permitted to waive the Summer term and will not be required to pay summer tuition. Please see the M.Fin. Academic Calendar for key program dates.

Tuition and Estimated Expenses

(For a single student, no dependents)

2011 Tuition
Summer $ 13,256
Fall $ 30,272
Spring $ 30,272
Books and Supplies $ 2,247
Computer $ 2,000
Food $ 5,250
Personal (incl. medical insurance) $ 5,775
Housing $ 16,170
Transportation $ 2,912
TOTAL $ 108,154

Dean's M.Fin. Fellowships

A limited number of Dean's M.Fin. Fellowships are available and are awarded to admitted candidates of all citizenships and academic backgrounds. All admitted candidates are considered for these fellowships. Fellowships are awarded to individuals with outstanding academic records, personal achievements, and professional promise. Further consideration will be given to candidates who enhance the geographic diversity of the M.Fin. class.

Legatum Fellowship

The Legatum Center at MIT administers a competitive fellowship program for incoming and current MIT graduate students, across all academic and professional disciplines. Candidates must demonstrate the potential to create innovative, sustainable, for-profit enterprises that promote prosperity in low-income countries and must be committed to implementing their business plans upon graduation. The application deadline is typically in early February. For information, please visit http://legatum.mit.edu/fellowship.

MIT-China Scholarship Council Fellowship

Incoming 1st year graduate students accepted to an MIT graduate program who are citizens of the People’s Republic of China are eligible to apply to this fellowship. The MIT-CSC Fellowship Program provides fellowships consisting of funding which covers a standard stipend, full tuition, international round-trip airfare, and appropriate fees. Applications to participate in the MIT-CSC Fellowship Program should be submitted by candidates directly to the CSC. There are two separate rounds for application submission for 2012: March 1–20, 2012 and May 20–30, 2012. Please note that the 2nd application window is open only to those currently not abroad. Interested candidates must apply at http://apply.csc.edu.cn/csc/main/person/login/index.jsf.

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