<p>Regarding postgraduate phD program at MIT (in Maths), I was wondering how much financial aid MIT would provide. How hard relatively is it to get a scholarship - approx. what percentage of people who get in get a scholarship; and what factors determine who gets a scholarship? (i.e. is GRE mark important in deciding scholarship?) How much, per year, would a scholarship provide?
At MIT</a> - Student Financial Services, it said ~$55,000 per year is need if no scholarship is given. The site mentioned tuition awards, student loans, and term-time - could some explain more about these?</p>
<p>The math PhD program at MIT (and most PhD programs everywhere) is fully funded, meaning that the department (or your funding source) will pay your tuition and also a small living stipend. This year the stipend is $2400 a month. Everyone gets this funding package, although some are awarded fellowships and others are awarded teaching duties or research assistantships.</p>
<p>More information on math funding at MIT is [url=<a href="http://www-math.mit.edu/academics/grad/financial/%5Dhere%5B/url">http://www-math.mit.edu/academics/grad/financial/]here[/url</a>].</p>