M
I
T
G
O
58
Percent
Receiving A MIT Scholarship
11
Percent Of
Total Undergraduate Financial Aid That’s Loans
94.5
Percent
Undergrads Receiving Aid (All Types And Sources)
8
Percent Of
Total Undergraduate Financial Aid That’s Term-Time Work
46,350
What It
Costs To Go To MIT
23,300
Average MIT
Scholarship
43
Percent Of
Undergrads Borrowing Each Year
83
Million In
Scholarships, Loans And Jobs From All Sources
66
Percent
Undergrads Working Term-Time
97
Percent Of
Total Costs Covered By Aid For Families
Earning
$0-20,000
81
Percent Of
Total Undergraduate Financial Aid That’s Scholarships And Grants
18,000
Average Debt
At Graduation
Free Spot
We Try, MIT
Is The Largest Source Of Undergraduate Financial Aid
2,500
Average
Term-Time Earnings
93
Percent Of
Total Costs Covered By Aid For Families Earning $20,000-40,000
67
Million In
Scholarships And Grants From All Sources
45
Percent Of
Graduating Seniors Who Borrowed While An Undergrad
15
Percent Of
MIT Undergrads With A Pell Grant
5,500
Self-Help
Expectation
84
Percent Of
Total Costs Covered By Aid For Families Earning $40,000-60,000
73
Percent
Receiving Scholarships And Grants From Any Source
5,200
Average
Annual Loan
64
Percent
Receiving Need-Based Aid
(Scholarship,
Loan And Job)
1,500
Freshmen
Summer Earnings Expectation
83,000
Median
Family Income Of Families Receiving Need-Based Aid