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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

$45,146

The average need-based MIT Scholarship awarded to undergraduate students in 2020–2021.

Tuition-free

<$90,000

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

Debt-free

82%

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.