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
$143.8M
The amount we awarded in MIT Scholarships (need-based grants) in the 2021–2022 academic year.
Average MIT Scholarship
$53,997
The average MIT Scholarship for undergraduates with need in 2021–2022.
MEET FULL NEED
100%
We meet 100% of an undergraduate's demonstrated need through our types of aid.
Tuition-free
33%
The percentage of MIT undergraduates who don’t pay tuition due to our need-based aid.
Leaving MIT
85%
The percentage of undergraduates who graduated from MIT debt-free in 2022.
After MIT
$115,461
The average starting salary for a graduating MIT senior entering industry in 2022.
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.
White House announces extension of student loan payment pause.