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Holiday announcement:

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

$94,988

The average starting salary for a graduating MIT senior entering industry in 2020.

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