USA

Hi Shaleen,I must say that your budget is very low to study in USA, it is a very expensive place. What you have is just one year tuition fee. You have to arrange for funds either by applying for scholarship or take an education loan. In which college you can get admission is also tough to say, because it does not depend on the amount of money, you have, but on the eligibility criteria and if you qualify. You must have completed your class 12th with a first class and you must also take the SAT or ACT and TOEFL. You should visit some known university websites and learn about the admission processes and scholarships and start preparing the application at least 10 months ahead.

MIT is one of the most selective universities in the world, if you are aiming for MIT then you must be academically exceptional. A solid amount of extracurricular activities will be required because they don't prefer boring students. What you will bring to MIT will be the question. As for the process, you have to clear the SAT and SAT subject test and apply via the Common Application portal popularly known as Common App. You can apply to many universities via Common App. You can check this portal right from the beginning, create your account and get acclimatized with the requirements such as transcripts, LORs, SOP, test scores, predicted scores and so on. My advice will be to apply to more than one college which is a common practice and not just rely on your MIT application since its one of the toughest.