MIT Student Financial Services Loans

Prospective freshmen and transfers

With the daily volatility in the marketplace and uncertainty about the effects of the credit crisis on the economy, it is important to restate the bedrock principles of financial aid at MIT. These core principles remain unchanged even with the current economic climate.

  • At MIT, we make all our undergraduate admission decisions without regard to family financial circumstances.
  • We award all our aid based on financial need; and
  • We meet the full need of each student.

This means that applying for aid does not influence your admission decision. If your family needs assistance to pay for an MIT education, we encourage you to apply for financial aid.

This also means that if you have concerns about the cost of an MIT education, you can rest assured that we stand ready to assist you in finding a way to bring the cost of an MIT education within your reach.

The steps and deadlines for applying for undergraduate financial aid vary depending on your enrollment status and citizenship. Please select from the options below.

Prospective freshmen:

Prospective transfer students:

Important Sites Free Application for Federal Student Aid (FAFSA)
When you complete the FAFSA online, be sure that you and your parents obtain PIN numbers to sign electronically or submit the signature page as instructed. MIT's FAFSA Code is 002178.

CSS Profile
Apply online at the College Board website. MIT's CSS code is 3514. MIT receives your profile data electronically from CSS so you do not send copies or printouts of your application to MIT.

Click here for blogs by Admissions staff and students.
How will I afford an MIT education?

View  Your estimated expense and ways to finance it

View  Stories and actual financial aid packages for other MIT students