Applying For Financial Aid
Applying For Financial Aid
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Email
finaid@mit.edu
Net Price Calculator
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Application Process
Application Deadline
January 1
Award Notification
On a rolling basis beginning March 15
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 2021-22 Financial Aid
Profile of 2021-22 Financial Aid
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Freshman
Financial Aid Applicants
910 (77.6%) of freshmen
Found to Have Financial Need
693 (76.2%) of applicants
Received Financial Aid
693 (100.0%) of applicants with financial need
Need Fully Met
693 (100.0%) of aid recipients
Average Percent of Need Met
100%
Average Award
$57,691
Need-Based Gift
Received by 672 (97.0%) of aid recipients, average amount $57,024
Need-Based Self-Help
Received by 408 (58.9%) of aid recipients, average amount $2,919
Merit-Based Gift
Received by 19 (2.7%) of aid recipients
Not reported
All Undergraduates
Financial Aid Applicants
2,929 (69.1%) of undergraduates
Found to Have Financial Need
2,477 (84.6%) of applicants
Received Financial Aid
2,477 (100.0%) of applicants with financial need
Need Fully Met
2,475 (99.9%) of aid recipients
Average Percent of Need Met
100%
Average Award
$58,268
Need-Based Gift
Received by 2,416 (97.5%) of aid recipients, average amount $57,499
Need-Based Self-Help
Received by 1,583 (63.9%) of aid recipients, average amount $3,092
Merit-Based Gift
Received by 37 (1.5%) of aid recipients
Not reported
All Undergraduates
2018 Graduates Who Took Out Loans
18%
Average Indebtedness of 2018 Graduates
$26,399
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
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
$2,994
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2021-22 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2022 Peterson's LLC. All rights reserved.