Prospective freshmen and transfers
Enrolled undergraduates
Graduate and professional students
After you’re awarded aid
Special circumstances
Financial aid background
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.
M |
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T |
G |
O |
Scholarships |
Loans |
General facts |
Jobs |
Price and income |
86.6Percent of total undergraduate financial aid that are scholarships and grants in
|
6.7Percent of total undergraduate financial aid that are loans in
|
122Million in scholarships, loans and jobs from all sources in
|
6.7Percent of total undergraduate financial aid that is term-time work in
|
59,020The sticker price to attend MIT for
|
105.5Million in scholarships and grants from all sources in
|
8,480Average annual loan in
|
89Percent undergraduates receiving aid (all types and sources) in
|
2,970Average term-time earnings in
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43,498Tuition and fees for |
74Percent receiving scholarships and grants from any source in
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22Percent of undergraduates borrowing from any source in
|
Free SpotWe Try, MIT is the largest souce of undergraduate financial aid |
63Percent of undergraduates working term-time in
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12,744Housing and dining for
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32,600Average MIT scholarship in
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20,800Average debt at graduation in
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64Percent receiving need-based aid (scholarship, loan and job) in
|
1,900Freshmen summer earnings expectation in
|
2,778Books, supplies and personal expenses in
|
61Percent receiving a MIT scholarship in
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41Percent of graduating seniors who borrowed while an undergraduate in
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20Percent of MIT undergraduates with a Pell grant in
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6,000Standard self-help expecation for
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85,990Median family income of families receiving need-based aid in
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