Contents. Preface Top universities 3

Student expenses

Studying at MIT is hard on the pocket as well. The cost of living in the Cambridge-Boston area is among the highest in the US. Health care plan, child care expenses, and housing depend on the size of families of attending graduate students. The admissions office needs to be convinced that an applicant has the financial resources to meet these expenses, which are typically highest in the first few months after arrival, with temporary accommodation in hotels, meals in restaurants, advance payment of rent, and deposits for phone and power.

The nine-month graduate academic year (2017-18) expenses were estimated at a total of $77,000-$92,000 (including tuition $50,000, housing $8,000-$18,000 for three-bedroom shared suite to two-bedroom private apartment). Students continuing their research over the summer benefit from the summer tuition subsidy but need to pay for any additional classes and on-campus housing.

Funding

Academic departments provide most of the funding to MIT graduate students. Support can be in the form of research and teaching assistantships, fellowships, traineeships, scholarships, and grants, and is provided based on merit or need or a combination of both.

Selected bibliograpy

www.mbacrystalball.com.

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