EMPLOYEE BENEFITS

Children's Scholarship Plan

The Children's Scholarship Plan provides grants for your child to attend MIT, and in some cases accredited universities outside of MIT.

Who Is Eligible

You are generally eligible for the Children's Scholarship Plan if you (1) work at least 50% of the normal full-time work schedule in your department, laboratory or center; (2) are appointed to work at MIT for at least three months; and (3) are paid by MIT.

The benefit is prorated for employees working less than 100%, but more than 50% time.

The following are not eligible: visitors, consultants, contractors, fellows, affiliates, teaching or research assistants, honorary lecturers, post-doctoral trainees, people paid by MITemps and members of the armed services assigned to MIT.

If you are a member of a collective bargaining unit, all the provisions of the Children's Scholarship Plan are subject to the terms of your collective bargaining agreement.

Benefit

Full tuition for four years of undergraduate study at MIT, is provided, as long as your dependent child is a full-time undergraduate student at MIT. Grants are only made for the cost of tuition, and may not be used to pay required fees, duplicate other financial aid, or to pay room and board or other educational expenses. You may apply for a grant for the first semester following your hire date.

The grant will be paid directly to the Student Financial Services Office at MIT once your application is approved. Checks from the plan cannot be issued in your name. Grants are paid to the Student Financial Services Office in late summer for the fall term and in late fall for the spring term.

Cost

MIT pays the full cost of this benefit.

Taxability

At the present time, the benefits from this Plan are not taxable. If there is any change, eligible employees will be notified.

Eligibility Chart

MIT expects to continue the Plan as a benefit to employees, but reserves the right to change or terminate the Plan should this become necessary or advisable.