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Massachusetts Institute of Technology FAFSA Code

Massachusetts Institute of Technology Tuition And Financial Aid

October 17, 2018 by Prasanthi Leave a Comment

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Massachusetts Institute of Technology Tuition And Expenses

Cost of Attendance $67,430
Tuition and Fees
$49,892
Room and Board
$14,720
Books and Supplies
$1,000
Other Expenses
$1,818
Payment Plans Installment plan

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Massachusetts Institute of Technology Applying For Financial Aid

Financial Aid Office
E-mail finaid@mit.edu
Web Site Financial Aid Web Site
Net Price Calculator URL Net Price Calculator URL
Application Process
Application Deadline Priority deadline February 15
Final deadline February 15
Award Notification On or about March 14
Methodology for Awarding
Institutional Aid
Institutional Methodology
Forms Required Cost to File
FAFSA
Code is 002178
Free
CSS/Financial Aid Profile $25 for first college, $16 each additional
Business/Farm Supplement

Massachusetts Institute of Technology Profile Of 2015-16 Financial Aid

Freshmen
Financial Aid Applicants 850 (76.4%) of freshmen
Found to Have Financial Need 633 (74.5%) of applicants
Received Financial Aid 633 (100.0%) of applicants with financial need
Need Fully Met 633 (100.0%) of aid recipients
Average Percent of Need Met 100%
Average Award $44,934
Need-Based Gift
Received by 615 (97.2%) of aid recipients, average amount $42,351
Need-Based Self-Help
Received by 447 (70.6%) of aid recipients, average amount $4,199
Merit-Based Gift
Received by 29 (4.6%) of aid recipients
Merit-Based Gift Not reported
All Undergraduates
Financial Aid Applicants 2,967 (66.3%) of undergraduates
Found to Have Financial Need 2,564 (86.4%) of applicants
Received Financial Aid 2,564 (100.0%) of applicants with financial need
Need Fully Met 2,564 (100.0%) of aid recipients
Average Percent of Need Met 100%
Average Award $44,056
Need-Based Gift
Received by 2,472 (96.4%) of aid recipients, average amount $41,767
Need-Based Self-Help
Received by 1,974 (77.0%) of aid recipients, average amount $4,527
Merit-Based Gift
Received by 59 (2.3%) of aid recipients
Merit-Based Gift Not reported
Borrowing
2016 Graduates Who
Took Out Loans
27%
Average Indebtedness of
2016 Graduates
$24,954
Parents Borrowing PLUS Loans
Parents of Students
Receiving Aid
3.0%
Parents of Students Not
Receiving Aid
1.0%

Massachusetts Institute of Technology Financial Aid Programs

Loans
Federal Loans Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Perkins loans
State Loans
Other Loans College/university loans
Scholarships and Grants
Need-Based Available Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships
Non-Need–Based Available None
Non-Need Awards
Academic Interest/Achievement
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Creative Arts/Performance
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Special Achievements/Activities
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Special Characteristics
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Employment
Work-Study Programs Federal work study available, other work study available
Average Earnings from
On-Campus Employment
$2,417

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