MIT Sloan Fellows MBA Program
Financing Your Education
Most students make one tuition payment before each term (June 1 for summer; August 1 for fall; and January 1 for spring). Learn more about your payment options here.
Academic Year 2023-2024
-
Tuition
$144,000
-
Student life fee
$406
-
Health Insurance*
$3,237
-
Housing
$17,865
-
Books, supplies & equipment**
$1,050
-
Transportation
$2,571
-
Personal
$7,065
-
Computer (one time cost)
$2,000
-
Total
$182,052
* 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.
Applying for Financial Aid
Upon acceptance into the program, all students intending to apply for loans, including international students, must submit the MIT Graduate Information Finance Form (GIFF).
US citizens and permanent residents are also required to file the Free Application for Federal Student Aid (FAFSA). MIT's FAFSA school code is 002178.
The amount you will be authorized to borrow is set by the office of Student Financial Services and should be about the same as the amounts listed above for the student only. If you are traveling with your significant other and/or dependents, your loan limits will not necessarily cover the increased expenses detailed above. Any questions about student funding or loans, please contact MIT Sloan Student Funding, at studentfunding.mitsloan@mit.edu.
Additional funding sources
-
As a sponsor of the Forté Foundation, MIT Sloan is committed to the advancement of women in leadership. The MIT Sloan Fellows MBA shares this commitment and offers Forté Foundation fellowships each year to outstanding female candidates who demonstrate leadership in their community, academic institution, and/or place of work. All female applicants to the MIT Sloan Fellows MBA are automatically considered for these partial-tuition awards.
-
A limited number of Dean's fellowships are available to MIT Sloan Fellows MBA and are awarded to admitted candidates of all citizenships and academic backgrounds. All admitted candidates are considered for these merit-based fellowships.
-
The Legatum Center for Development and Entrepreneurship is pleased to offer financial assistance to select entrepreneurial graduate students at MIT. Their application process is separate from the MIT Sloan Fellows MBA admissions. The Legatum Fellowship is open to all MIT graduate students. You must demonstrate a commitment to starting a business in a low-income country after graduation.
-
The Nippon Foundation’s International Fellowship provides Japanese nationals working in the public or private sector opportunities to further studies in overseas educational institutions.
-
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
-
The Action, Impact, and Motivation (AIM) Scholarship is a post-graduate scholarship for Sloan Fellows MBA students to complete a social impact project in India upon graduation. The scholarship awards up to $20,000 to a team of 1-2 SFMBA students who want to test and implement ideas and solutions aligned with the Sustainable Development Goals set by the United Nations.
The AIM scholarship was created and instituted by Shweta Aprameya, SFMBA '19, and her brother, Saumitra Pandey, in honor of their parents, Anup Pande and Usha Pande, as part of the Anusha Welfare Trust.
-
MIT Sloan offers $15,000 scholarships on a first-come, first-served basis for veterans of the U.S. military that are matched dollar-for-dollar by the federal government. For more information, please contact Josh DeMaio (jkdemaio@mit.edu) or visit the program website.