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October 2015

Financial Need Scholarships

Russell

Hello future Launchies! My name is Russell Reed, and I serve as the Onboarding Coordinator at MIT Launch. I know that, among the questions you have about the application itself, many of you have another concern: paying for Launch if you are accepted. I’m going to do my best to demystify our financial aid process in this post, but if you have any further questions, please post them here and we will do our best to answer them.

First of all, admission to Launch is need blind — if you indicate you will be applying for financial aid, it will only be used to follow up appropriately when / if you are accepted. Our goal is to make Launch affordable for every accepted student, and therefore financial aid packages are curated on an individual basis with the intention of meeting all demonstrated need.

“Affordability is the last thing one should worry about when applying to MIT Launch. The program has all the resources to help you and your family afford an amazing entrepreneurial education… As we say in Launch: ‘an entrepreneur is someone who pursues an opportunity without regard to resources currently controlled.’”

-Besart Copa, 2015 Alumnus

At Launch, we are dedicated to bringing together the most ambitious and driven young aspiring entrepreneurs from across the globe, and we will ensure that financing the program does not stand in your way of attending.  We have compiled information from previous sessions to provide these average financial aid offers, but remember that each package is made individually, so they may vary based on some additional factors of the admitted student and family circumstance.

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“MIT Launch changed me in more ways that I could have imagined. Now I am confident in my potential and I know I have what it takes to start a company. Even though I couldn’t afford to pay for the program, it didn’t matter, because I knew there’s financial aid in place to make sure everybody who is admitted could join the program. So be one of the bold ones! Apply!

– 2015 Launch Alumnus 

Best of luck to everyone applying, and please feel free to contact us through the College Confidential post linked earlier in this post if you have any more questions!

Hitchhiker’s Guide to the…2016 MIT Launch Application (1/4)

Hello hello, Annie here 🙂 It’s been such an exciting summer with Launch, and I can’t believe it’s already application season again! Here at MIT the campus, tours are in full swing again and every day as I pass by the Admissions Office on my way to class, I see anxious parents and their seniors crowding around, trying to glean some insight about the college admissions process. And in this way, I’m reminded everyday that while all applications are designed to be as straightforward as possible, they almost never feel that way.

That’s why I’m starting this blog series to debunk the myths and demystify the application for the coolest summer program this side of the Mississippi River—shhhh, I might be biased 🙂 Feeling confused should never stand in the way of applying for programs that you really would like to participate in. Having “graduated” from MIT Launch myself and also having worked on the backend of things, I hope my perspectives will be helpful in understanding what the MIT Launch application is all about.

This will be a 4 part blog series and every week or so I’ll be explaining a different part of the application, so check back often as to not miss out!

Continue reading “Hitchhiker’s Guide to the…2016 MIT Launch Application (1/4)”

Lillian Chen: To Lead, To Teach, To Launch

lillian chen

When I stumbled upon entrepreneurship at MIT Launch Summer Program last year, I also discovered the superpower to change the world through my creative ideas. My experience with MIT Launch made me believe high school students could build companies.

After returning home, my excitement for growing my company was crushed by what I found back at school: my friends couldn’t connect to me when I went on passionately about marketing strategies; the school atmosphere was one geared towards science, sports, and fine arts. We had Debate Club, Environment Club, even Beyoncé Club, but no Entrepreneurship Club. Business was just something people typically didn’t believe high schoolers were interested in or could even do it.

Wanting to pursue my passion for entrepreneurship and find like minded people, I decided to start the Launch Houston Entrepreneurship Club and succeeded into tricking 12 open minded students who’ve never experienced business to join (just kidding…they joined on their own free will). Rather than pursuing my own passion for entrepreneurship, I saw the impact of sharing this knowledge with others. I heard Margaret T. challenge conventional norms with her questions. I saw Matthew F. open his shell and become one of the most eloquent, persuading public speakers I’ve ever met. I saw Anirudh S. marketing in school and Divya J.marketing through neighborhoods. I saw each students put in #work; I saw teams fight, make up, tackle big dilemmas and decisions, pivot, and grow stronger together. I felt their determination to succeed. 

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I’ve always loved teaching others: I tutored refugees in the summer and volunteered as a mentor for various summer camps for disabled children But it was through Launch that I really saw how I could help illuminate the talent and spark in each student. One student told me that she wanted to pursue business in the future because of Launch Houston. Another student said that Launch Houston had changed his life: now, he does not stop thinking of new ideas and wants to continue growing his company. Although I thought I knew why I started Launch Houston, my club members were the ones who showed me why I fell in love with teaching entrepreneurship.

Last year, my Launch group had three teams, two of which became finalists at the MIT Launch Pitch Competition (more than 60 teams worldwide competed and only the top ten became finalists). MoGo, a company that teaches children how to manage money, received 4th place; my team’s company LocaFoods, a company that provides an online platform that connects local farmers to schools, restaurants, and homes, won 1st! Both companies continue to grow to this day.

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This year, Launch Houston has more than tripled in size, expanding to 38 members. While managing this many people is difficult, I’ve learned some lessons for last year’s session that will help me effectively run this club: Continue reading “Lillian Chen: To Lead, To Teach, To Launch”

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