Money Matters

Financial Planning for Your Trip

Financial Aid

Financial aid from MIT can be used for study abroad, and your award will be adjusted for costs like roundtrip airfare. If you receive financial aid, discuss your study abroad plans with the Student Financial Aid Office at least one term before you travel. 

Before meeting with your financial aid officer, gather information about tuition, fees, and cost of living for your study abroad program, as well as information on airfare and any other costs. Fill out the Study Away/Abroad Packet, which you can get from the Financial Aid Office, 11-320.


Prepare a budget for your study abroad program, including how you will manage your financial aid resources while abroad. You may want to speak with students who recently returned from your destination for cost estimates of housing, food, books, communications, travel, and other expenses.


MIT-Managed Funding:

The Kelly-Douglas Fund supports MIT sophomores, juniors, and seniors travelling during IAP or summer to deepen their understanding in the humanities, arts, or social sciences. Awards are up to $1,000.

External Study Abroad Scholarships:

Benjamin A. Gilman International Scholarship program provides scholarship opportunities of up to $5,000 for U.S. students on Pell grants to help fund study-abroad experiences for the summer, fall, spring, or full year. In 2010, the Gilman program launched a new summer scholarship program for students majoring in science, technology, engineering and mathematics (STEM) fields.

Boren Scholarships offer up to $20,000 for U.S. undergraduate students interested in language studies in areas of the world that are underrepresented by many study abroad programs. Boren offers similar fellowships to graduate students.

Boren Scholarships launched a special summer initiative for STEM majors. The scholarships fund up to $8,000 for summer study (minimum eight weeks).

The Bridging Scholarship program provides 60 scholarships to U.S. students interested in studying in Japan. Undergraduate students majoring in any field of study and attending any recognized exchange or independent program are eligible to apply . Recipients will receive stipends ranging from $2,500 to $4,000, depending on the length of their study program.

China Government Scholarships provide full funding for a select group of MIT students to study in China for one semester or one year. Interested students should contact MIT Global Education for further information.

The Critical Language Scholarships program provides seven to ten weeks of group-based overseas foreign language instruction andcultural enrichment experiences for U.S. citizens who are students at the undergraduate, master's, and doctoral levels.

Morgan Stanley Japan will award two $7,500 scholarships to undergraduate students studying abroad in Japan who have an interest in economics and international finance. Applicants must submit an essay on a designated public-policy topic with their application.