I don’t think Massachusetts Institute of Technology provides scholarships based on merit. At least they don’t have it on their website.

Outstanding students are attracted by the name ‘Massachusetts Institute of Technology‘ itself; they don’t need to provide scholarships to attract them. Also, they have a lot of endowment funds, so, they can provide aids based on need and still meet them. Moreover, every Incoming student is so brilliant at Massachusetts Institute of Technology that they easily qualify for external scholarships if they need one.

Massachusetts Institute of Technology provides aids at an average of 47524 per student meeting 100% of students need. 100% of students with need receive financial aid at an average of 45215 need-based grant.