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Will I receive financial aid if it takes me more than 3 years to complete my degree? 

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While MIT expects transfer students to complete their degree in 3 years, some transfer students might need an extra semester or more to complete their degree requirements. You do not need to be overly concerned about this for a while. Most transfer students are able to finish within 3 years. If you need additional time, you should visit your financial aid counselor for assistance.