Price and Scholarships and miscellaneous extras

<p>Hi, i recently got admitted to MIT under EA and i was wondering a few things and maybe some of the Alumni or current students could answer.</p>

<p>First off, I REALLLLLLLLLLLLLLLLY wanna go to MIT, but its hella expensive. If its not too personal too ask, can anyone tell me how much financial aid you received? My income is in the 100k per year area and i was wondering what a good estimate of aid would be.</p>

<p>Secondly, I know that MIT doesnt offer merit-based scholarships but do they offer ANY money in ways that arent through FAFSA? </p>

<p>Third(ly?), Are any of you guys current physics majors? i was wondering what exactly im getting myself into (beyond whats on the website). Like could you say whether you are enjoying it, having second thoughts, describe the workload etc?</p>

<p>Fourth (of all?), I play the violin and i was wondering whether or not i would have enough free time to continue.</p>

<p>Fifth (off?), Will have be able to have a social life at all? (not that it matters much... xP)</p>

<p>Sixth, tho i think i know the answer to this one, is procrastination even close to possible? </p>

<p>ok the end. </p>

<p>thanks!</p>

<p>Fifth and sixth - Yes and yes. Both of these happen all the time :)</p>

<p>that is good news. i am a terrible procrastinator. (but i get it done. always.) </p>

<p>answers for the others?!?!?! :DD</p>

<p>for money just wait until we offer you financial aid. or go apply for some scholarships of your own. but we offer a lot of financial aid - over $80m in total last year alone.</p>

<p>That is fantastic! So, i really dont need to be too concerned with cost?</p>

<p>Just don’t worry about it until you get your FinAid award letter in March.</p>

<p>Im just worried cuz my parents are really freaking out about price and everything. They are making me apply to other schools and stuff just to see if i can get more money even though MIT is my first choice. They are also having me do a ton of 3rd party scholarships and other things… Is this useful?</p>

<p>third party scholarships are always useful. but we are committed to meeting 100% of demonstrated financial need for all students.</p>

<p>There are various FAFSA calculators available online, and while they won’t be exactly accurate using MIT’s methodology, they will give you an idea of how much aid your family might be eligible for. </p>

<p>I think it’s always better to apply for more third-party scholarships now – then, no matter what aid package MIT offers you in March, you will be in a better position to discuss the financial realities with your parents.</p>

<p>To answer your fourth question, if playing the violin is important to you, you’ll find the time to keep it up. </p>

<p>I don’t think we have any physics majors around here currently, but you should check out [Lulu’s</a> blog](<a href=“http://www.mitadmissions.org/Lulu.shtml]Lulu’s”>Lulu L. ’09 | MIT Admissions) on the admissions website – she was a physics major who graduated in '09, and she pops in here every once in a while.</p>

<p>Thanks so much guys :slight_smile: Lulu’s blog is awesome :))</p>

<p>Will the MIT financial aid calculator be up and running sometime soon? The link says “Under Construction.”</p>

<p>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.).</p>