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Massachusetts Institute of Technology Scholarship 2018 for High School Student – MIT

Filed in Education News by on October 23, 2017 0 Comments

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Massachusetts Institute of Technology (MIT) Scholarship 2018 for High School Student.

Massachusetts Institute of Technology Scholarship 2018… MIT scholarships are awarded based on financial need and come from endowed funds, gifts from MIT alumni and friends, and general MIT funds. You are automatically considered for an MIT scholarship if you apply for financial aid and fill out the CSS PROFILE.

Massachusetts Institute of Technology ScholarshipMassachusetts Institute of Technology (MIT) Scholarship 2018 for High School Student

Scholarship recipients must submit an annual Student Information Review Form to provide us with information about your background, interests, and experiences so that we may match you with the right scholarship. We will contact you when we need this form.

About MIT Scholarship

MIT donors take an interest in learning about their scholarship recipients, so they may ask you to write your donor to share your experiences and thank them for their support.

Note; these instructions are for the 2018-2019 academic year.

Please follow the steps below to apply for both MIT need-based aid as well as federal aid.

Date for MIT Scholarship

The deadline for prospective freshmen is February 15, and you may track the status of your financial aid application by checking My.MIT.EDU. Enrolled undergraduates reapply each year by April 15, and track the status of their financial aid application by checking the MIT Online Financial Aid System.

Important Deadlines

Prospective Students

Feb. 15

Awards will be available in mid-March

Early Action Applications: If you are applying by November 1 for the Early Action admissions deadline, please submit your financial aid requirements by the end of November in order to receive a financial aid award by mid-January.

The U.S. government determines the amount of federal student aid (grants, loans, and work-study) you qualify for using the FAFSA. SFS then disburses these funds to your student account.

FAFSA Overview

Overview of the Financial Aid Process

  • Fill out and submit on FASFA website
  • The FAFSA is filled out for all federal aid, including grants, loans and work-study.
  • You need your parents’ 2016 federal income tax returns, W-2s, other records of money earned, bank statements, records of investments, and records of untaxed income.
  • If possible, please choose to use the IRS Data Retrieval Tool while completing the FAFSA to automatically complete some questions using data from the IRS.  This will save you some time as well as some extra work later if you are selected for verification.
  • The form becomes available each year on October 1st and must be completed by the listed deadline.

Note: If you think you will not qualify for MIT need-based aid and would like to apply for federal aid only, please complete the FAFSA and email [email protected] to let us know you do not wish to complete the other application requirements. All emails must come directly from the student.

CSS PROFILE Application

CSS PROFILE Application is used to determine if you qualify for need-based MIT Scholarship money. Fill out and submit the PROFILE online.

Fill out and submit on CSS website

  • The CSS PROFILE is used to determine eligibility for MIT need-based aid
  • You need your parents’ 2016 income tax returns or wage statements, other records of money earned, bank statements, records of investments, and records of untaxed income.
  • The form becomes available each year on October 1st and must be completed by the listed deadline.
  • Some students of certain incomes are able to have the fees waived by the College Board. MIT is not able to offer a fee waiver directly.

Note: If your parents are separated or divorced, each parent will need to complete their own CSS PROFILE application. To keep their financial information private, your parents should not share their College Board log-in credentials with each other.

Parents’ Tax Returns

After submitting the CSS Profile, you will need to submit your parents’ 2016 federal (not state) tax returns along with all schedules, statements and W2s to Institutional Documentation Service (IDOC) for processing.

It can take up to two weeks for the tax returns to be received by MIT.

Note: ensure to submit all documents directly to IDOC and not to send directly to MIT, so that your document will be accepted.

  • If your family owns a corporation or interest in a partnership, you must send the corporation or partnership tax return through IDOC. Please note that a K-1 is insufficient data, as the complete tax returns are needed.
  • If you, your parents, or other siblings are beneficiaries of an estate or trust, submit the appropriate schedule K-1 of IRS Form 1041 or IRS Form 4970 through IDOC.
  • If your parents are separated or divorced, your non-custodial parent’s tax return is required as well.

Ensure you create a profile on my.mit.edu after completing all this procedure.

For more information visit – https://sfs.mit.edu/undergraduate-financial-aid/types-of-aid/mit-scholarships

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