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 |
I |
T |
G |
O |
Scholarships |
Loans |
General facts |
Jobs |
Price and income |
86Percent of total undergraduate financial aid that are scholarships and grants in
|
7Percent of total undergraduate financial aid that are loans in
|
119Million in scholarships, loans and jobs from all sources in
|
7Percent of total undergraduate financial aid that is term-time work in
|
55,270The sticker price to attend MIT for
|
102Million in scholarships and grants from all sources in
|
6,750Average annual loan in
|
92Percent undergraduates receiving aid (all types and sources) in
|
2,950Average term-time earnings in
|
40,732Tuition and fees for |
76Percent receiving scholarships and grants from any source in
|
30Percent of undergraduates borrowing from any source in
|
Free SpotWe Try, MIT is the largest souce of undergraduate financial aid |
62Percent of undergraduates working term-time in
|
11,775Housing and dining for
|
31,900Average MIT scholarship in
|
18,100Average debt at graduation in
|
65Percent receiving need-based aid (scholarship, loan and job) in
|
1,900Freshmen summer earnings expectation in
|
2,763Books, supplies and personal expenses in
|
62Percent receiving a MIT scholarship in
|
46Percent of graduating seniors who borrowed while an undergraduate in
|
20Percent of MIT undergraduates with a Pell grant in
|
6,000Standard self-help expecation ($4,400 for families earning less than $75,000) for
|
86,525Median family income of families receiving need-based aid in
|
