Financing Your Education

Tuition and expenses for a student for the academic year 2022-2023 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.

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* Cost of Health Insurance (unless waived): $3,237 ($1,349 fall/$1,888 spring).
**While you are responsible for purchasing textbooks, all required course packs are included in the tuition cost.

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 MBAn 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, a U.S. citizen, or a 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. 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. 

Assistantships
MIT Sloan appoints a number of MBAn students to teach and research assistantships that vary in workload and stipend percentage. While helping students cover their expenses, these competitive positions offer outstanding exposure to the school's educational research programs. Responsibilities may include working one-on-one with students, assisting in research, and grading assignments and examinations.