<p>Well, your SAT score is highly impressive and your performance on the subject tests is excellent as well. This clearly reflects your potential as a student for sure. But, you dont have to mention that in your application/essay. MIT is discerning enough to notice that! They dont want you to highlight that for them!
Notably, you are saying that your dad<code>s business closed down. Thats a really bad excuse. Yes, colleges dont want any justifications for your not-so-excellent academic peformance. They would very likely judge you as a kid who gives excuses for his mistakes. That one mention of your “poor-personal-and-academic-condition-due-to-dad</code>s-buisness-shutdown” can potentially hurt your chances at colleges as selective as MIT.
So, pls be wise and careful. Dont even mention that incident. Try and make your essay a more positive and interesting read.
There are other effective ways of enthralling the colleges to select you and showing them your writing skills. Write your essay in an usual way, or do something unique in your gap-year. Go out there and find something out that interests you. They really dont like students even talking about anything to do with their academic postition or their ‘financial’ condition.
Take care and I am sure you are up for good future!!</p>