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Update August 17:

To learn more about MIT’s changes to the fall 2020 cost of attendance as well as the Covid-era grant, please see our 2020 financial support page and our expanded FAQ page. 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 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="https://studentloanhero.com/student-loan-debt-statistics/" 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