Top scholarships offered by MIT University: Check eligibility, award amount and other details

The Massachusetts Institute of Technology (MIT) is highly esteemed, ranking first in the QS World University Rankings 2025 with a score of 100. While admission is competitive, MIT addresses financial challenges through need-based scholarships, covering about 58% of undergraduates with a median scholarship of $66,663. Additional grants like the First-Year Grant support low-income students. MIT is one of few U.S. universities offering need-blind admissions and full financial need coverage for domestic and international students. Various external scholarships from state programs, businesses, and organizations also supplement financial aid, helping students manage education costs effectively.