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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.

Cost and affordability: Return on investment

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="" 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.

A chart showing the average salaries for MIT graduates entering industry positions in 2019

  1. According to data from The Institute for College Access & Success. back to text