Hello candidate,

The MIT scholarships are awarded based solely on financial need and come from our endowment, gifts from MIT alumni and friends, and MIT general funds.

Moreover, About 60% of our undergraduates receive MIT Scholarships. I want to mention that the MIT does not give scholarships based on merit and so if you get into MIT the financial aid will be solely based on your personal financial situation. Therefore, getting a "full-scholarship" to MIT only depends on your parents' annual income which is submitted as proper documentation and your financial situation. If you fall under the category of getting financial help then only you can apply for the scholarship program.

Hope you found it helpful!!