Your MIT education is an investment that will pay dividends for a lifetime.
About 76% of MIT students graduate debt-free, but those who do borrow have debt at graduation considerably lower than the national average. Nationally in 2018,01 According to a <a href="https://ticas.org/wp-content/uploads/2019/09/classof2018.pdf" target="_blank" rel="noopener noreferrer">recent report</a> by The Institute for College Access & Success. graduates of four-year colleges who borrowed owed an average of $29,456 in loans. By comparison, members of the Class of 2019 who took out loans graduated with an average debt of $23,226, 21% 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 a recent report by The Institute for College Access & Success. back to text ↑