Loans

Your acceptance to MIT Sloan is based on a needs-blind admission process. This means that when you are accepted, MIT Student Financial Services will work with you to determine your needs and help you with a financial aid package. Please visit the MIT Student Financial Services Web page for a list of loans available to MIT Sloan students.

Once you are admitted to the MIT Sloan MBA Program, you will receive a Graduate Loan Application and additional information. If you are a U.S. citizen or permanent resident, we recommend that you file the Free Application for Federal Student Aid (FAFSA) even before you are accepted into our program. The FAFSA form is available at www.fafsa.ed.gov. MIT's FAFSA Title IV school code is 002178.

Here are some other useful options and programs:

Federal Direct Stafford/Ford Loan

All U.S. citizens and permanent residents are eligible.
Maximum loan amount: $8,500

Federal Direct (unsubsidized) Stafford/Ford Loan

All U.S. citizens and permanent residents are eligible.
Maximum loan amount: $18,500 less any subsidized loan received

MIT Federal Credit Union Custom Program

U.S. citizens and international students are eligible.
A credit-based alternative loan
Learn more

Student voices: Ariel Santos, MBA ’10: "I have always been very interested in the intersection between the private sector and the public sector. I came to MIT Sloan to really understand more about the business sector and it has made me realize that the ability to have an impact and make the world a better place doesn't only lie in the non-profit sector." More >>