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Overview
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Admissions
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Financials
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Academic
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Campus Life
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Students
In-state
Out-of-state
Cost of Attendance :
$82,730

Installment Plan Available

Tuition & Fees :
$60,156
Room & Board :
$19,390
Books & Supplies :
$880
Other Expenses :
$2,304
Scholarship Finder
Applying For Financial Aid
Applying For Financial Aid
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Email
finaid@mit.edu
Website
Financial Aid Website
Net Price Calculator
Tap Here
Application Process
Application Deadline
January 1
Award Notification
On a rolling basis beginning March 17
High School Program
College preparatory program is recommended
Methodology For Awarding Institutional Aid
Institutional Methodology
Forms Required Cost
FAFSA Code is 002178 Free
CSS/Financial Aid Profile $25 for first college, $16 each additional
Noncustodial (Divorced/Separated) Parent's Statement Free
Profile of 2023-24 Financial Aid
Profile of 2023-24 Financial Aid
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Freshman
Financial Aid Applicants
866 (79.2%) of freshmen
Found to Have Financial Need
658 (76.0%) of applicants
Received Financial Aid
658 (100.0%) of applicants with financial need
Need Fully Met
658 (100.0%) of aid recipients
Average Percent of Need Met
100%
Average Award
$64,857
Need-Based Gift
Received by 655 (99.5%) of aid recipients, average amount $63,099
Need-Based Self-Help
Received by 373 (56.7%) of aid recipients, average amount $2,749
Merit-Based Gift
Received by 13 (2.0%) of aid recipients
Not reported
All Undergraduates
Financial Aid Applicants
2,970 (65.0%) of undergraduates
Found to Have Financial Need
2,586 (87.1%) of applicants
Received Financial Aid
2,585 (100.0%) of applicants with financial need
Need Fully Met
2,585 (100.0%) of aid recipients
Average Percent of Need Met
100%
Average Award
$65,048
Need-Based Gift
Received by 2,558 (99.0%) of aid recipients, average amount $63,606
Need-Based Self-Help
Received by 1,619 (62.6%) of aid recipients, average amount $3,109
Merit-Based Gift
Received by 29 (1.1%) of aid recipients
Not reported
All Undergraduates
2024 Graduates Who Took Out Loans
14%
Average Indebtedness of 2024 Graduates
$26,522
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Other Loans
College/University Loans
Private Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
None
Non-Need Awards
Academic Interest/Achievement Award Areas
Not reported
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Not reported
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Not reported
Number of Awards
Not reported
Special Characteristics Award Areas
Veterans
Veterans' Children
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
other work study available
Average Earnings from On-Campus Employment
$3,146
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2023-24 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2024 Peterson's LLC. All rights reserved.