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Update July 2021: Although our campus office is still closed, we are available via phone, email, and Zoom. Our hours are Monday/Wednesday from 9–5, Tuesday/Thursday from 10-5, and Friday from 9-3. If you would like to learn more about MIT’s plans for summer and fall, please visit the MIT Now website.

read our guide

Check out our guide for more information about financial aid, estimated costs, and additional sources of funding.

facts and figures

Affordable education

$54,601

The estimated average need-based MIT Scholarship awarded to undergraduate students in 2021–2022.

Tuition-free

<$90,000

Most students with a family income below this level (and typical assets) do not pay tuition.

Debt-free

78%

The percentage of MIT undergraduates who graduate debt-free.

we are here to help

Questions?

We are always available to talk through our financial aid process or answer any questions you may have.

We meet your full financial need for all four years of your undergraduate career.

Need based
Need based means that we award financial aid entirely based on your family's financial circumstances.
Full need
Full need means that we meet 100% of your family's calculated need through scholarships, grants, and student employment.