Skip to content ↓
Update July 14:

To learn more about MIT’s changes to the fall 2020 cost of attendance as well as the Covid-era grant, please see our expanded FAQ webpage. You can also read more about the evolving policies and other key questions related to MIT’s COVID-19 response.

Welcome to MIT Student Financial Services

Resources for students and families

We are still here to help

During this challenging time, if you would like to speak with a customer service or financial aid counselor, we are happy to set up a virtual counseling session with you. Please email us at, or you may also reach out to your counselor directly.

Affording your education

Our goal is to help you understand your options and select the best ones for you and your family. We award need-based financial aid from MIT and coordinate the receipt of aid from other sources.

Billing and repayment

We understand that everyone’s situation is different. We work with you and provide counseling on available financing options. We also offer resources to help you improve your financial literacy and make good choices.

Customer service

We strive to provide accurate, friendly, and timely customer service to all of our students and their families. If you need to talk to someone—contact us and we’ll help you out.

By the numbers

Total MIT Scholarships


The amount we expect to award in MIT Scholarships (need-based grants) to undergraduates for the 2020–2021 academic year.

Average MIT scholarship


The estimated average need-based scholarship for undergraduates with need in 2020–2021.



We meet 100% of an undergraduate's demonstrated need through our types of aid.



The percentage of MIT undergraduates who don’t pay tuition due to our need-based aid.

Leaving MIT


The percentage of undergraduates who graduated from MIT debt-free in 2019.

After MIT


The average starting salary for a graduating MIT senior entering industry in 2018.

We’re here for you

We know an education at MIT is an investment you and your family need to consider carefully. We’re here to help. Feel free to reach out to the Student Financial Services team if you have any questions about financial aid or billing.

Stu Schmill '86 Dean of Admissions and Student Financial Services