<p>Is there one to MIT?</p>
<p>only if you need it financially...</p>
<p>Well, my parents are both teachers. Get about....80k...but we're not residents and our papers are costing a lot. Concluding, there is no way my parents could even start to help me with college. Plus, both of my brother are almost graduating college. If there is not a "Scholars" program that offers full ride. Then, what exactly is "financial need" how much are your parents supposed to be paid yearly?</p>
<p>Well, it's need-based, and dealt with when the time comes. The poorer you are, the more they'll spare. For example, I am likely to get a very large chunk of my tuition taken care of no matter what school I go to (MIT, with their 100% of need policy, is more likely than other schools, though) because my family doesn't have much cash to throw around and we're already sacrificing about a third of the yearly income to put my sister through college.</p>
<p>So, in conclusion, we don't have the numbers. Financial need is essentially them calculating based on all sorts of numbers that you give them and some of their own how much your parents can afford to pay. Since they are 100% Need, they ideally subtract what they calculate that your parents can afford and then pay everything else, leaving only their judgment of what is affordable for your family to be payed by your family. All you can hope is that it really is enough--or that better yet, it's more than enough.</p>