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COLLEGE PROFILE

Massachusetts Institute of Technology

Cambridge, MA

TUITION AND EXPENSES

Cost of Attendance$65,478
Tuition and Fees
$48,452
Room and Board
$14,210
Books and Supplies
$1,000
Other Expenses
$1,816
Payment PlansInstallment plan

APPLYING FOR FINANCIAL AID

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

PROFILE OF 2015-16 FINANCIAL AID

Freshmen
Financial Aid Applicants850 (76.4%) of freshmen
Found to Have Financial Need633 (74.5%) of applicants
Received Financial Aid633 (100.0%) of applicants with financial need
Need Fully Met633 (100.0%) of aid recipients
Average Percent of Need Met100%
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 GiftNot reported
All Undergraduates
Financial Aid Applicants2,967 (66.3%) of undergraduates
Found to Have Financial Need2,564 (86.4%) of applicants
Received Financial Aid2,564 (100.0%) of applicants with financial need
Need Fully Met2,564 (100.0%) of aid recipients
Average Percent of Need Met100%
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 GiftNot 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%

FINANCIAL AID PROGRAMS

Loans
Federal LoansDirect subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Perkins loans
State Loans 
Other LoansCollege/university loans
Scholarships and Grants
Need-Based AvailableFederal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships
Non-Need–Based AvailableNone
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 ProgramsFederal work study available, other work study available
Average Earnings from
On-Campus Employment
$2,417
College Chances

Will You Get In? Find Out.

Estimate your chances at Massachusetts Institute of Technology and see how to improve your odds.

College Admissions Tracker

See who got in, who didn't & who's applying now. See the qualifications and admissions decisions of real students who applied to Massachusetts Institute of Technology.

CLASS OF 2022 Profile of Students on COLLEGEdata
Interested in This College
  GPA SAT ACT
UW W M ERW  
Average 3.83 4.30 744 717 32
Low 2.00 2.00 400 400 18
High 4.00 5.00 800 800 36
YOU ? ? ? ? ?
College Net Price Calculator

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A portion of the College Profile data is provided under license by:
Annual Survey of Colleges 2016, copyright © 2016 The College Board. All rights reserved.
Peterson's Undergraduate and Undergraduate Financial Aid Databases,
copyright © 2017 Peterson's, a Nelnet company. All rights reserved.

Kristin

Kristin Class of 2011

I used campus visits as "PR" in order to talk to admission...

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