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guide for admitted students and families

Take a few minutes to look through our guide for admitted students. We’ve included most of the things that students and families should know about financial aid, estimated costs, and additional sources of funding. It’s a great place to get started!

cost of attendance

The cost of attendance for the 2024–2025 academic year is $85,960. We’ll meet 100% of your demonstrated need for all four years of your undergraduate career. If the cost of attendance goes up, so will your MIT Scholarship.

If you haven’t applied for financial aid yet, we encourage you to do so. You may be surprised by how we can help.

budgeting worksheet

Make sure to use our budgeting tool to help map out how much you’ll need for a year at MIT.

You can break things down by year or semester, and save your budget to manage your expenses as you go.

Watch online financial aid session

Watch the recorded online financial aid session that we hosted on March 27. The session covered how financial aid and billing works at MIT, our outside scholarship policy, and general information about student employment.

facts and figures

Affordable for families


Families with income below this level (and typical assets) have a $0 parent contribution.



Most students with a family income below this level (and typical assets) do not pay tuition.



The percentage of MIT undergraduates who graduated from MIT debt-free in 2023.

we are here to help


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.