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 17
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 2022-23 Financial Aid
Profile of 2022-23 Financial Aid
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Freshman
Financial Aid Applicants
897 (78.7%) of freshmen
Found to Have Financial Need
692 (77.1%) of applicants
Received Financial Aid
691 (99.9%) of applicants with financial need
Need Fully Met
691 (100.0%) of aid recipients
Average Percent of Need Met
100%
Average Award
$60,077
Need-Based Gift
Received by 677 (98.0%) of aid recipients, average amount $59,142
Need-Based Self-Help
Received by 389 (56.3%) of aid recipients, average amount $2,878
Merit-Based Gift
Received by 21 (3.0%) of aid recipients
Not reported
All Undergraduates
Financial Aid Applicants
3,073 (66.3%) of undergraduates
Found to Have Financial Need
2,693 (87.6%) of applicants
Received Financial Aid
2,690 (99.9%) of applicants with financial need
Need Fully Met
2,689 (100.0%) of aid recipients
Average Percent of Need Met
100%
Average Award
$61,214
Need-Based Gift
Received by 2,630 (97.8%) of aid recipients, average amount $60,345
Need-Based Self-Help
Received by 1,653 (61.4%) of aid recipients, average amount $3,156
Merit-Based Gift
Received by 50 (1.9%) of aid recipients
Not reported
All Undergraduates
2018 Graduates Who Took Out Loans
15%
Average Indebtedness of 2018 Graduates
$25,556
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
Loans From Outside Sources
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
$2,982
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2022-23 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2023 Peterson's LLC. All rights reserved.