MIT Student Financial Services Loans

MITGO for undergraduates

Interested in MIT but not sure you can afford it? You should know that MIT has need-blind admissions (we don't look at your finances when considering you for admission). Once you're admitted, MIT also guarantees that we will meet your full financial need for all four years of your undergraduate career.

Bingo is a game of chance, but affording your MIT education is only a matter of your need, not luck. Check out some of these "MITGO" figures for undergraduates.

 

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Scholarships

Loans

General facts

Jobs

Price and income

86.6

Percent of total undergraduate financial aid that are scholarships and grants in
2011-2012

6.7

Percent of total undergraduate financial aid that are loans in
2011-2012

122

Million in scholarships, loans and jobs from all sources in
2011-2012

6.7

Percent of total undergraduate financial aid that is term-time work in
2011-2012

59,020

The sticker price to attend MIT for
2013-2014

105.5

Million in scholarships and grants from all sources in
2011-2012

8,480

Average annual loan in
2011-2012

89

Percent undergraduates receiving aid (all types and sources) in
2011-2012

2,970

Average term-time earnings in
2011-2012

43,498

Tuition and fees for
2013-2014

74

Percent receiving scholarships and grants from any source in
2011-2012

22

Percent of undergraduates borrowing from any source in
2011-2012

Free Spot

We Try, MIT is the largest souce of undergraduate financial aid

63

Percent of undergraduates working term-time in
2011-2012

12,744

Housing and dining for
2013-2014

32,600

Average MIT scholarship in
2011-2012

20,800

Average debt at graduation in
2011-2012

64

Percent receiving need-based aid (scholarship, loan and job) in
2011-2012

1,900

Freshmen summer earnings expectation in
2012-2013

2,778

Books, supplies and personal expenses in
2012-2013

61

Percent receiving a MIT scholarship in
2011-2012

41

Percent of graduating seniors who borrowed while an undergraduate in
2011-2012

20

Percent of MIT undergraduates with a Pell grant in
2011-2012

6,000

Standard self-help expecation for
2012-2013

85,990

Median family income of families receiving need-based aid in
2011-2012

 
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