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.
“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