MIT awards financial aid solely on the basis of need. We do not award money based on any measure of merit—academic, athletic, artistic or otherwise. The Office of Student Financial Services meets 100% of a family's calculated need through grants, student loans and work study.
If used wisely, loans are an excellent tool for financing your MIT education. Our loan statistics will show you how to be a smart borrower.
You are automatically considered for need-based and full-need MIT scholarships and federal grants when you apply for MIT undergraduate financial aid.