Applying For Financial Aid
Applying For Financial Aid
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Email
finaid@mit.edu
Net Price Calculator
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Application Process
Application Deadline
January 1
Award Notification
On or about March 17
Methodology For Awarding Institutional Aid
Institutional Methodology
Forms Required Cost
FAFSA, Code is 002178 Free
CSS/Financial Aid Profile $25 for first college, $16 each additional
Profile of 2018-19 Financial Aid
Profile of 2018-19 Financial Aid
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Freshman
Financial Aid Applicants
909 (81.2% of) freshmen
Found to Have Financial Need
705 (77.6% of) applicants
Received Financial Aid
705 (100.0% of) applicants with financial need
Need Fully Met
705 (100.0% of) aid recipients%
Average Percent of Need Met
100%
Average Award
$51,721
Need-Based Gift
Received by 695 (98.6% of) aid recipients, average amount $50,044
Need-Based Self-Help
Received by 455 (64.5% of) aid recipients, average amount $2,616
Merit-Based Gift
Received by 33 (4.7% of) aid recipients
Merit-Based Gift
Received by 33 (4.7% of) aid recipients
Not reported
All Undergraduates
Financial Aid Applicants
3,018 (66.3% of) undergraduates
Found to Have Financial Need
2,679 (88.8% of) applicants
Received Financial Aid
2,675 (99.9% of) applicants with financial need
Need Fully Met
2,675 (100.0% of) aid recipients%
Average Percent of Need Met
100%
Average Award
$52,205
Need-Based Gift
Received by 2,623 (98.1% of) aid recipients, average amount $50,665
Need-Based Self-Help
Received by 1,893 (70.8% of) aid recipients, average amount $2,978
Merit-Based Gift
Received by 76 (2.8% of) aid recipients
Not reported
All Undergraduates
2018 Graduates Who Took Out Loans
23%
Average Indebtedness of 2018 Graduates
$23,517
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus 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
Creative Arts/Performance Award Areas
Not reported
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Not reported
Number of Awards
Not reported
Special Characteristics Award Areas
Not reported
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
other work study available
Average Earnings from On-Campus Employment
$3,005