Every year we get so many great questions about the Launch program. While many of these questions can be answered here, we’d like to take a moment to address one important topic- financial assistance. We have covered this topic before, but we have some updated information that will give applicants a better idea about our financial assistance process. In 2016, more than 25% of students received financial need scholarships and we’re excited to continue offering scholarships for the 2017 sessions!
It’s important to stress that Launch is need blind. Indicating on your application that you require financial assistance will in no way impact your acceptance outcome. Furthermore, you won’t be asked to submit proof of financial need until after you are accepted to Launch. Financial assistance packages are provided on a case-by-case basis and vary depending on the student’s individual situations. Assistance is offered to both international and domestic students.
But what about the application fee?
The application does require a fee but do not let this deter you! Fee waivers are available for students who provide evidence of need. The goal of Launch is to inspire young entrepreneurs, regardless of their personal or family situations.
As in the past, we have compiled information the financial scholarship offers of our previous financial need applicants to provide average figures, though please note that each package is made individually, so they vary based on additional factors of the admitted student and family circumstance.
We strongly encourage you to apply to MIT Launch Summer, regardless of your financial situation, and we look forward to reviewing your application!