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COLLEGE PROFILE

Massachusetts Institute of Technology

Cambridge, MA

TUITION AND EXPENSES

Cost of Attendance$61,030
Tuition and Fees
$45,016
Room and Board
$13,224
Books and Supplies
$1,000
Other Expenses
$1,790
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 DeadlineFebruary 15
Award NotificationOn or about April 1
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 2012-13 FINANCIAL AID

Freshmen
Financial Aid Applicants895 (78.4%) of freshmen
Found to Have Financial Need703 (78.5%) of applicants
Received Financial Aid703 (100.0%) of applicants with financial need
Need Fully Met703 (100.0%) of aid recipients
Average Percent of Need Met100%
Average Award$38,763
Need-Based Gift
Received by 672 (95.6%) of aid recipients, average amount $36,245
Need-Based Self-Help
Received by 590 (83.9%) of aid recipients, average amount $4,209
Merit-Based Gift
Received by 26 (3.7%) of aid recipients
Merit-Based GiftNot reported
All Undergraduates
Financial Aid Applicants3,212 (71.7%) of undergraduates
Found to Have Financial Need2,766 (61.8%) of applicants
Received Financial Aid2,766 (100.0%) of applicants with financial need
Need Fully Met2,766 (100.0%) of aid recipients
Average Percent of Need Met100%
Average Award$39,503
Need-Based Gift
Received by 2,662 (96.2%) of aid recipients, average amount $36,272
Need-Based Self-Help
Received by 2,418 (87.4%) of aid recipients, average amount $4,593
Merit-Based Gift
Received by 61 (2.2%) of aid recipients
Merit-Based GiftNot reported
Borrowing
2013 Graduates Who
Took Out Loans
41%
Average Indebtedness of
2013 Graduates
$17,891
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)
Not reported
Creative Arts/Performance
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Not reported
Special Achievements/Activities
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Not reported
Special Characteristics
Award Areas
Not reported
Number of Awards
Not reported
Top Areas (By Money
Awarded)
Not reported
Employment
Work-Study ProgramsFederal work study available, other work study available
Average Earnings from
On-Campus Employment
$2,202
College Chances

Will You Get In? Find Out.

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College Admissions Tracker

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CLASS OF 2019 Profile of Students on COLLEGEdata
Interested in This College
  GPA SAT ACT
UW W M CR W  
Average 3.84 4.34 739 698 698 33
Low 1.00 3.00 390 350 360 22
High 4.00 5.00 800 800 800 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 2013, copyright © 2013 The College Board. All rights reserved.
Peterson's Undergraduate and Undergraduate Financial Aid Databases,
copyright © 2014 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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