Tuition and Financial Aid 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. Incoming students are 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. Admitted applicants may be eligible for and considered for a variety of different fellowships. The Legatum Fellowship and the MIT Public Service Center Fellowships, which are awarded through their respective organizations, require separate applications 2. Students may apply for additional sources of financial assistance administered by external foundations and organizations. Some resources to help find these organizations are located here. 3. Students establish eligibility for federal and private loans in collaboration with MIT Student Financial Services by submitting the Graduate Loan Application (all students) and the FAFSA (domestic students only). If you are interested in private loans, an application with the lender of your choice will also be required. Domestic students or International Students with a domestic co-signer have an array of loan options, while options for International Students with no cosigner are more limited. However, MIT Sloan does guarantee the availability of loan funds for all International students through the MIT Federal Credit Union, with the exception of students from countries on the current OFAC sanctions list. Tuition and ExpensesTuition and expenses for a student for the academic year 2016-2017 are shown below. This student budget represents the standard Cost of Attendance set by Student Financial Services, and it can vary only slightly depending on family size. This figure represents the limit on all forms of financial aid, including scholarships, fellowships and student loans. 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 (August 1 for Fall and January 1 for spring). Students also can choose the MIT monthly payment plan, which allows them to pay tuition in ten installments over the course of the year. Learn more about your payment options here. Academic Year 2016-2017 Tuition and Fees $68,250 Books and Supplies* $2,200 Computer* (1st Year Only) $2,000 Food* $4,894 Personal (Incl. Medical Insurance)* $5,580 Housing* $14,850 Transportation* $2,740 TOTAL $100,514 In partnership with MIT’s Student Financial Services, we will guide you through the financial aid and billing process. Most MBA students rely on loans to help them finance their graduate education. Please feel free to contact Studentfunding.firstname.lastname@example.org with any questions or concerns. Leaders for Global Operations Fellowship Students accepted to the joint MBA/Leaders for Global Operations (LGO) program may receive generous fellowships funded by MIT industry partners. See the LGO website for more information.