Affording your MIT education
We work to make MIT affordable for every family.
We understand that an MIT education is an investment that you and your family need to consider carefully—especially during these unprecedented times. We know how important this decision is, and want you to know that we are here to help. Take a look through our guide, affording an MIT education may be easier than you think!
read our guide
Check out our guide for more information about financial aid, estimated costs, and additional sources of funding.
facts and figures
Affordable education
$45,146
The average need-based MIT Scholarship awarded to undergraduate students in 2020–2021.
Tuition-free
<$90,000
Most students with a family income below this level (and typical assets) do not pay tuition.
Debt-free
82%
The percentage of MIT undergraduates who graduate debt-free.
we are here to help
Questions?
We are always available to talk through our financial aid process or answer any questions you may have.
We meet your full financial need for all four years of your undergraduate career.
- Need based
- Need based means that we award financial aid entirely based on your family's financial circumstances.
- Full need
- Full need means that we meet 100% of your family's demonstrated need through scholarships, grants, and student employment.
White House announces extension of student loan payment pause.