Price and Scholarships and miscellaneous extras

k4r3n2
Wed, 22 Dec 2010 16:49:13 +0000

IIRC, third-party scholarships will reduce your student contribution (basically, MIT expects you to contribute a certain amount of money (I think it’s O($2k)/year for freshmen) by working / from your savings before they give you financial aid), so if you get scholarships, this means that you can put the money that you have saved up from working etc. towards reducing your parental contribution (or towards going to concerts, eating out, etc. etc.).