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Update May 29:

We have created a new FAQ section with all of our latest COVID-19 related information. You can also read more about the evolving policies and other key questions related to MIT’s COVID-19 response.

Cost and affordability: Return on investment

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="" 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.

Average Starting Salary

  1. According to a recent report by The Institute for College Access & Success. back to text