Susan Sullivan
Mar 15 2013
After the Award
Posted in: Miscellaneous
Congratulations on your acceptance to MIT! The staff of Student Financial Services is looking forward to working with you and your family over the next four years.
Please note: Financial aid awards for accepted, incoming students will be posted to the MyMIT portal by 12:00 pm (EST) on Monday, March 18, 2013.
Once you have your award notification, you and your family may have some questions. Your first step should be to take the time to read through Financing Your MIT Education. It is a helpful resource that can answer many of your questions about outside scholarships, expenses, bills, loans, and student jobs. Below are some other commonly asked questions.
May I appeal my award?
Yes, you may appeal. If your family’s financial situation has changed since you submitted your application, we will reconsider your application. Please send an email to your financial aid counselor with a detailed explanation of the changes in your family’s financial situation. Give as much... read the post »
Oct 19 2012
Financial Aid Application Process
Posted in: Miscellaneous
This is the time of year where the staff in Student Financial Services starts receiving questions about the financial aid applications process. We hope this information will help you through the process and alleviate some concerns.
For all incoming students for the Fall of 2013, the priority deadline for applying for financial aid is February 15, 2013. We have slightly different processes for domestic and international applications so both are outlined below.
If there is one year where your parents should get their taxes done as early as possible, this would be it. In order to get the most accurate financial aid award, you need to submit their 2012 tax returns as soon as possible. While we can do an estimated award with their 2011 taxes, the award will not be finalized until we have reviewed the 2012 documentation.
Starting in February 2013, you can track the status of your finanical aid application by checking MyMIT. Applications completed by February 15th will... read the post »
Jun 6 2012
Summer To-Do List from Student Financial Services
Posted in: Miscellaneous
September will be here before you know it! Here are a few things you should keep in mind to make sure the fall semester starts without any issues:
- SIRF – If you have been awarded an MIT Scholarship, you must complete the Student Information Review Form (SIRF) before we can credit the scholarship to your Student Account. The online form is available on WebSIS. Click on For Students and go under the Financial Records section to access the form.
- Outside scholarship – if you are receiving any outside scholarships that are not reflected on your award letter please complete the Outside Award Reply Form.
- Bills – Fall bills will be available on July 10 and are due by August 1. For more information, go to the Bills section of our website.
- Payment plan – MIT offers an interest-free payment plan. Click here for more information.
- Loans – if you or your parents are interested in borrowing a loan, please check out the Loans section of our website or email... read the post »
Mar 16 2012
After the Award Letter
Posted in: Miscellaneous
Now that you have your award letter, you and your family may have some questions. First of all, please take the time to read through Financing Your MIT Education. It is a helpful resource that can answer many of your questions about outside scholarships, expenses, bills, loans, and student jobs. Below are some other commonly asked questions.
Can I appeal my award?
Yes, you can appeal. If your family’s financial situation has changed, we can reconsider your application. Please send an email to your financial aid counselor with a detailed explanation of your family’s financial situation. Give as much information as you can and if possible, supporting documentation. For example: if your father lost his job, we would need to know the date he stopped working as well as other sources of income such as severance pay or unemployment benefits.
Why is my award different from the Net Price Calculator?
The Net Price Calculator is a tool to estimate your financial aid award. It is... read the post »
Mar 8 2012
The wait is almost over
Posted in: Miscellaneous
Have most of you have read the latest Admissons blog that admit decisions will be available on Wednesday, March 14th at 6:28 pm? Financial Aid awards for admitted students will be available the next day. So check your MyMIT on Thursday, March 15th and click on the link for your award. Our next blog post will cover many of the questions that students and their families have after they get the financial aid award letter.
Susan