HOME | MFIN | ADMISSIONS
HOME | MFIN | ADMISSIONS
  • Tuition and Financial Aid

    MFin students are required to enroll in the MFin 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 MFin program may be permitted to waive the summer term and will not be required to pay summer tuition.* Please see the Academic Calendar for key dates.

      Summer Fall Spring 12-month Total Fall 18-month Total
    Tuition $16,250 $30,175 $30,175 $76,600 $26,000 $102,600
    Housing $3,350 $7,538 $7,537 $18,425 $7,538 $25,963
    Food $1,116 $2,510 $2,510 $6,136 $2,510 $8,646
    Books & supplies $511 $1,150 $1,150 $2,811 $1,150 $3,961
    Personal $1,302 $2,930 $2,930 $7,162 $2,930 $10,092
    Transportation $609 $1,371 $1,370 $3,350 $1,370 $4,720
    Computer $2,000 $0 $0 $2,000 $0 $2,000
    Total expenses $25,138 $45,674 $45,672 $116,484 $41,498 $157,982

    * 18-Month total includes tuition for final term, and one extra term of living allowances, based on 2015-2016 costs (2016-2017 related costs have not yet been published by the Institute

  • Financing your education

    Support typically includes personal savings, loans, fellowship/scholarship awards, government or employer sponsorship, or some combination of these. For information about financial aid options, visit MIT Student Financial Services.

    Available fellowships

    A limited number of 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 MFin class.

    Additional scholarship and fellowship opportunities are below:

    Aker Scholarship

    The Aker Scholarship is a grant awarded to Norwegian students pursuing the MFin [or MBA, MBAn] at MIT Sloan.

    MIT is one of the selected few universities to receive this scholarship. Funding is available to Norwegian students and those with strong ties to Norway who are accepted into post-graduate degree programs. The scholarship will supplement any other funding to cover the full cost of study and living expenses. For more information and to apply, visit the Aker Scholarship website.

    Instituto Ling

    Instituto Ling’s fellowships are open to all Brazilian students who have been accepted to top schools. Required documents include the candidate's CV, GMAT results, admission letter from the university, and the application, including essays. The candidate must provide information on his/her family’s financial condition in order to prove financial need. The candidate’s leadership skills and affinity to Instituto Ling’s values are also evaluated.

    Legatum Fellowship

    The Legatum Center for Development and Entrepreneurship offers financial assistance to select entrepreneurial graduate students at MIT. Their application process is separate from MFin Admissions. The fellowship is open to all MIT graduate students who demonstrate a commitment to starting a business in a low-income country after graduation. Please visit the Legatum Center website for more information and to apply.

    Kennedy Memorial Trust Scholarship

    The Kennedy Memorial Trust provides scholarships to British post-graduates to pursue their studies at MIT and/or Harvard. The Kennedy Scholarship is an academic award used to fund a wide variety of academic programs. Scholars use the opportunity to deepen their expertise in their field. Those applying for awards must be all of the following:

    • British citizens at the time of application
    • Ordinarily resident in the UK
    • Wholly or mainly educated in the UK

    Kuwait MFin Fellowship

    The Kuwait MFin Fellowship was established by a private donor and provides partial tuition for MFin students from Kuwait. To be considered for this scholarship, you must demonstrate financial need. For more information, please contact the MIT Sloan Admissions Office.