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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.

Stu Schmill '86 Dean of Admissions and Student Financial Services