HOME | MFIN | APPLY
HOME | MFIN | APPLY
  • 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 $17,500 $30,250 $30,250 $78,000 $27,500 $105,500
    MIT Student Activity Fee
    $156$156$312$156$468
    Housing$4,400$9,900$9,900$24,200$9,900$34,100
    Food $1,249 $2,810 $2,810 $6,869 $2,810 $9,679
    Books & Supplies $566 $1,275 $1,275 $3,116 $1,275 $4,391
    Personal $1,504 $3,384 $3,384 $8,272 $3,384 $11,656
    Transportation $634 $1,428 $1,427 $3,489 $1,428 $4,917
    Computer $0 $2,000 $0 $2,000 $0 $2,000
    Total expenses $25,853 $51,203 $49,202 $126,258 $46,453 $172,711

    * 18-Month total includes tuition for final term, and one extra term of living allowances. Living allowances for final term might be revised slightly. Tuition figures are for the 2018-2019 academic year. 

  • Financing your education

    Support typically includes personal savings, loans, fellowship/scholarship awards, government or employer sponsorship, or some combination of these.Once you are admitted to the MIT Sloan MFin program, you will have access to detailed information about the financial aid process on our admitted student website. The process is slightly different depending on whether you are an international student, or a U.S. citizen or permanent resident.

    Domestic students or International Students with a domestic co-signer have an array of loan options, including federal subsidized and unsubsidized loans, 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

    Please contact Sloan Student Funding at studentfunding.mitsloan@mit.edu with any questions or concerns.

    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.

    Fundación Gondra Barandiarán

    Awarded to two Spanish nationals who obtained their engineering degrees from a Spanish university and will join the MBA, Master of Finance and Master of Business Analytics. The scholarship covers full tuition for two years (12 months for MFIN and MBAn programs). To be eligible, MBA candidates must be admitted in Round 1 or Round 2; MBA, MFIN and MBAn candidates must submit their application for scholarship to FGB within 20 days of the admission decision. Find more details at http://www.gondrabarandiaran.org