MIT Full Form- Massachusetts University of Technology
Updated on 21 February, 2024
upGrad Abroad Team
upGrad abroad Editorial Team
)What is MIT? The full form of MIT is Massachusetts University of Technology.
Located in Cambridge, Massachusetts, the Massachusetts Institute of Technology (MIT) is a private land-grant research institution. Since its founding in 1861, MIT has made a substantial contribution to the advancement of numerous fields of contemporary science and technology.
MIT was founded with the goal of advancing the country's industrial revolution and is distinctly American. The graduates have established new companies, pioneered essential technologies, and produced millions of jobs in the United States thanks to their creativity and determination.
Simultaneously, and without any feeling of paradox, MIT is deeply international. The fact that our community draws exceptional talent from all over the world gives it enormous strength. The outstanding community at MIT works to fulfil its objective of serving the country and the globe by means of teaching, research, and innovation.
Scholarships for Indian Students at MIT
Scholarships from MIT are intended to cover all of a student's proven financial need. In 2022–2023, the university expects to give need-based scholarships totaling 161.8 million USD, up from 143.8 million USD the year before. The Massachusetts Institute of Technology (MIT) offers scholarships from its general finances, endowment, and grants from friends and alumni. Postgraduate students are considered for assistantships and fellowships through their specific departments, whereas undergraduate students are given MIT scholarships through a centralised mechanism.
At Massachusetts Institute of Technology, programs typically cost 73,160 USD (60 lakhs INR). Financial aid initiatives like as grants, scholarships, and fellowships from MIT help overseas students offset this enormous expense by nearly 60%. Compared to the national average of just 40%, MIT alumni completed their studies debt free in 80% of cases. For the academic year 2022–2023, the average MIT scholarship was 53,997 USD (44.34 lakhs INR).