Undergraduate expenses
Graduate student expenses
Financial Aid Calculator
How will I finance my family’s share?
Is my family eligible for tax benefits?
DEDUCTIBLE STUDENT LOAN INTEREST
The student loan interest deduction is available for all education loans, including federal and nonfederal loans, student loans and parent loans.
Amount
You may deduct up to $2,500 per year of your education loan interest fees.
Eligibility
You are eligible if your modified adjusted gross income is less than $70,000 for single taxpayers, heads of household or qualifying widow(er)s; $145,000 if married filing jointly.
More information
IRS Publication 970 – Tax Benefits for Education (chapter 4)
Student Stories
Adi Asali
Class of ’10
Class of ’10
Adi is one of thousands of students who are paying much less than MIT's “sticker price” – because we meet every student's full financial need.
{ LEARN MORE}Outside scholarships
There are hundreds of outside private scholarships for every type of student.
