Welcome to MIT Student Financial Services
Financial resources for MIT students
How can we help you today?
Our office provides financial aid and customer service to all MIT students. We collect payments, coordinate student employment, and advise on financial literacy. If you have a question about money while you’re here, just ask!
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.
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.
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.
By the numbers
Total MIT Scholarships
$127.6M
The amount we awarded in MIT Scholarships (need-based grants) in the 2020–2021 academic year.
Average MIT Scholarship
$45,146
The average MIT Scholarship for undergraduates with need in 2020–2021.
MEET FULL NEED
100%
We meet 100% of an undergraduate's demonstrated need through our types of aid.
Tuition-free
28%
The percentage of MIT undergraduates who don’t pay tuition due to our need-based aid.
Leaving MIT
82%
The percentage of undergraduates who graduated from MIT debt-free in 2021.
After MIT
$104,617
The average starting salary for a graduating MIT senior entering industry in 2021.
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.
We are available virtually from January 3–28. You can reach us via phone and email Monday through Friday from 10 AM–5 PM. The SFS office is closed for walk in service during this time.