Financial Aid and Costs

Every student accepted to the LGO program receives a generous financial aid package. Combined with an outstanding career placement record, the LGO program offers an excellent return on investment. MIT LGO reviews applicants without regard to financial circumstances.

LGO’s mission is to attract the most talented candidates for the next generation of product development, operations, and manufacturing professionals. The program is dedicated to finding the best applicants and awarding LGO financial aid packages that make their studies at MIT affordable and accessible.

All admitted students who are not fully funded by an outside source are awarded a generous fellowship and considered for additional scholarship funds. Last year, the LGO program awarded over $3 milllion to its incoming class.

Tuition for the full two-year program before financial aid is currently about $132,500.

The current estimated cost for one academic year is listed below. The student budget can vary based on family size and can be adjusted by MIT Student Financial Services upon request. Additional living costs may vary depending on your lifestyle and you choices when relocating for the LGO internship.

Academic Year 2016-2017 (est.)

ITEM COST
Tuition and Fees $68,250
Books and Supplies $2,200
Computer (1st year only) $2,000
Food $4,894
Personal (incl. Medical Insurance) $5,580
Housing $14,850
Transportation $2,740
TOTAL $98,014

With the generous support of our partner companies and alumni, the LGO program awards over $3 million in fellowships and scholarships to each incoming class. A student’s award varies based on previous academic and professional performance, dedication to the LGO mission, and career interests in engineering, high-tech management, operations, and manufacturing.

Every student not sponsored by their company who is admitted to the LGO program recieves an LGO fellowship award ranging from $40,000 to $70,000. The fellowship is distributed throughout the two-year program, and is applied toward the program’s tuition costs or as a stipend.

LGO communicates the total financial aid package together with the acceptance letter.

In addition to the LGO fellowship, a select number of applicants receive additional financial aid in the form of LGO scholarships. The LGO program has a variety of funds available from generous donors. Students find out if they are awarded any LGO scholarship funds when they receive their acceptance letter.

Among this fund are:

  • LGO Merit Scholarship: A small number of students every year receive financial aid from LGO’s scholarship fund in addition to the LGO fellowship. The scholarship amount varies. LGO Merit Scholarships are awarded to students who show strong dedication to the LGO program mission and goals.
  • LGO Alumni Scholarship: The Alumni Council is dedicated to ensuring the strength of future LGO classes. The LGO Alumni Council funds scholarships for new LGO students through donations. A select number of students receive an Alumni Scholarship of $10,000 to $20,000. The awards are given to the strongest students who show professional promise.
  • Don Davis Scholarship: This award comes from a donation fund in memory of Don Davis, former CEO of Stanley Works and a beloved LGO lecturer and mentor who trained students in leadership for 22 years. LGO selects two Davis Scholarship award recipients based on leadership demonstrated in the application and displayed potential to be a strong leader. The fund awards two $5,000 scholarships per class.
  • Jeff Wilke Scholarship: One LGO applicant who displays exceptional leadership potential receives this $5,000 scholarship named after LGO alumnus Jeff Wilke (LGO ’93) CEO Consumer Business at Amazon.
  • Noyce Fellowship: This fellowship is named after the co-founder of the Intel Corporation, and it recognizes outstanding students with previous academic and/or professional experience related to the semiconductor business. There are no requirements to work for Intel. Noyce Fellows receive a full tuition scholarship and a stipend over the two years at the MIT TA rate (about $2,600 a month). In accordance with MIT policy, acceptance of this scholarship precludes Noyce Fellows from receiving additional tuition awards or stipends.

The MIT community, in cooperation with the Office of the Dean of Graduate Education (ODGE), offers several other funding opportunities. These include:

  • ODGE Fellowships: A limited number of students receive a prestigious ODGE fellowship. These are MIT-wide awards, and each MIT department nominates one person for each award. These fellowships are highly competitive.
  • TA Appointments: About one-third of LGO students choose to pursue teaching assistantships during their time on campus to help offset some tuition and living expenses. Students usually apply for a TA appointment at the end of the previous semester. Tuition and stipend coverage varies based on the course and TA’s workload. LGO students are eligible for TA appointments beginning in their first spring semester on campus. Students find out more information about this option when they arrive on campus.

A number of LGO students have received generous scholarships from outside sources. If students receive a scholarship that covers full tuition with a stipend, the LGO program usually asks them to forego the LGO financial aid award so the funds can benefit other students with need.

A limited list of external funding can be found at this link for U.S. citizens and permanent residents and at this link for international students. Applicants are also encouraged to research external scholarships that fit their specific profile.

The MIT LGO program accepts a number of US veterans every year, averaging about 15% of the LGO class. Veterans can get advice from current students, the Sloan Student Funding office, and the MIT Student Financial Services office. For information about veteran benefits, please visit this page.

MIT also participates in the Yellow Ribbon Program. Qualified candidates are welcome to ask about the opportunity during the application process, and can begin the Yellow Ribbon application once accepted to the LGO program.

Many students will need to apply for further financing in the form of loans in order to pay for the LGO program. MIT offers financing options for both domestic and international students through Student Financial Services.

Once admitted to LGO, students can begin financial aid applications at the link above. Further details about LGO tuition costs and how to budget your expenses over the two years are provided when students receive acceptance to the program.