Your MIT education is an investment that will pay dividends for a lifetime.
About 78% of MIT students graduate debt-free, but those who do borrow have debt at graduation considerably lower than the national average. Nationally in 2019,01 According to <a href="https://ticas.org/our-work/student-debt/" target="_blank" rel="noopener noreferrer">data</a> from The Institute for College Access & Success. college graduates who borrowed owed an average of $29,900 in loans. By comparison, members of the Class of 2020 who took out loans graduated with an average debt of $22,335, 25% below the national average.
At current interest rates, the average MIT student’s monthly loan repayment would be a manageable amount based on typical starting salaries for graduating students.
- According to data from The Institute for College Access & Success. back to text ↑