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 2017,01 According to a <a href="https://trends.collegeboard.org/student-aid" target="_blank" rel="noopener noreferrer">recent report</a> by the College Board. graduates of four-year colleges who borrowed owed an average of $28,500 in loans. By comparison, members of the Class of 2018 who took out loans graduated with an average debt of $22,560, 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.
- According to a recent report by the College Board. back to text ↑