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Coronavirus update:

As of Monday, March 16, the Student Financial Services team will be working remotely. You may still reach us at sfs@mit.edu or 617-258-8600 during regular office hours. Read more about our evolving policies and other key questions related to MIT’s COVID-19 response.

By the numbers

Affordable education

$53,258

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

Tuition-free

<$90,000

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

Debt-Free

76%

The percentage of MIT undergraduates who graduated debt-free in 2019.

Table of contents

Cost of attendance

The full price to attend MIT is $76,150. However, most students pay far less because of our generous need-based financial aid; in fact, the average annual price paid by a student who receives financial aid is about $23,442.

Our approach to aid

At MIT, we are committed to helping our students pay for their education. The price of an MIT education varies for each student depending on how much they can afford, but our commitment to affordability remains a constant.

How to apply for aid

We offer several forms of aid. The most common type of aid is the MIT Scholarship. If you receive one, it is a grant that does not need to be repaid.

Key terms for undergraduate students

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.
Our approach to aid →