The MIT fiscal year runs from July 1 to June 30.
The stipend levels and health insurance rates for Fiscal 2021 have been approved. See the AY2021 Graduate Stipend Rates Memo.
The graduate stipend rate will be increased by 2.9% in 2020-2021.
| Stipends AY2021 | ||||
|---|---|---|---|---|
| RA Stipend Levels | Monthly | Annual (12 mo.) | High Range +15% | Low Range -10% |
| Science & Engineering Doctoral | $3,378 | $40,533 | $46,614 | $36,480 |
| Engineering (SM Level) | $3,086 | $37,036 | $42,591 | $33,332 |
| TA Stipend Levels | ||||
| Contact | $3,458 | $41,501 | $47,725 | $37,351 |
| Support | $3,118 | $37,418 | $43,031 | $33,676 |
| Health Insurance AY2021 | ||||
|---|---|---|---|---|
| Combined MIT Student Medical Plan and MIT Student Extended Insurance Plan | AY2021 | AY2020 | $ Change | % Change |
| Students | $3,269 | $3,269 | $0 | 0% |
| Student and Partner | $6,927 | $6,927 | $0 | 0% |
| Student and Dependent(s) | $4,389 | $4,389 | $0 | 0% |
| Family | $8,047 | $8,047 | $0 | 0% |
| MIT Student Medical Plan Only* | AY2021 | AY2020 | $ Change | % Change |
| Students | included with Tuition | included with Tuition | included with Tuition | N/A |
| Student and Partner | $1,584 | $1,584 | $0 | 0% |
| Student and Dependent(s) | $792 | $792 | $0 | 0% |
| Family (student, partner and dependents) | $2,376 | $2,376 | $0 | 0% |