Welcome to MIT Student Financial Services
Financial resources for MIT students
How can we help you today?
At MIT, our combined Student Financial Services office provides financial aid, collects payments, coordinates jobs, and advises on financial literacy. If you have a question about money while you’re here, come to us first.
Affording your education
We award need-based financial aid from MIT, as well as coordinate the receipt of aid from other sources. Our goal is to help you understand your options and select the best ones for you and your family.
Billing and repayment
We establish a budget, collect your tuition, fees and other charges, and provide fair and honest advice regarding available financing options. We also help you improve your financial literacy and make good choices.
Customer service
We provide you with clear documentation and explanations of complex processes on our website. If you need to talk to a human, just contact us, and we’ll help you out.
By the numbers
Total MIT Scholarships
$119.7M
The amount we awarded in MIT Scholarships (need based grants) to undergraduates last year.
Average MIT scholarship
$45,524
The average need-based scholarship for undergraduates with need last year.
MEET FULL NEED
100%
We meet 100% of an undergraduate's demonstrated need through our types of aid.
Tuition-free
31%
The percentage of MIT undergraduates who don’t pay tuition due to our need-based aid.
Leaving MIT
72%
The percentage of undergraduates who graduate from MIT debt-free.
After MIT
$88,381
The average starting salary for a graduating MIT senior entering industry last year.
We’re here for you
It’s understandable if you and your family are feeling overwhelmed by how to pay for your MIT education. 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.
