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 |
Massachusetts Institute of Technology Applying For Financial Aid
| finaid@mit.edu | |
| Web Site | Financial Aid Web Site |
| Net Price Calculator URL | Net Price Calculator URL |
| 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
| 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 |
| 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 |
| 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
| Federal Loans | Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Perkins loans |
|---|---|
| State Loans | |
| Other Loans | College/university loans |
| Need-Based Available | Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships |
|---|---|
| Non-Need–Based Available | None |
| 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) |
| Work-Study Programs | Federal work study available, other work study available |
|---|---|
| Average Earnings from On-Campus Employment |
$2,417 |