Your MIT education is an investment that will pay dividends for a lifetime.
About 72% of MIT students graduate debt-free, but those who do borrow have debt at graduation considerably lower than the national average. Nationally, in 2017 graduates of four-year colleges who borrowed owed an average of $28,699 in loans; by comparison, members of the MIT Class of 2017 who took out loans graduated with an average debt of $19,819, way below the national average.
To put that into perspective, at current interest rates, the average MIT student debt would require payments of $205 a month for 10 years, which tends to be a manageable amount based on typical starting salaries for graduating students.
