I received need-based financial aid as necessary, and it was not a problem for me.
My only problem is with the amount of aid they give. MIT uses a separate algorithm from the federal one to calculate the amount of aid awarded which sometimes can make it so you get less money than you need. Aside from that, the process went smoothly.
Despite claims that the school provides for all need, it doesn't.
We have need baised financial aid which is great.
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