MIT Admissions

Massachusetts Institute of Technology

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Aid Statistics

After a student applies for financial aid, each application is reviewed using factors such as income, assets, number of family members, number of children in college and other variables. The table below should help give you an idea of what a typical student may receive based on their family income, keeping in mind that the award amounts may vary.

2013-2014 Undergraduate MIT Scholarships

Family income of MIT Undergrads with Need 1
Avg Student Expense 2
Avg Scholarships & Grants 3
Avg Student Loans 4
Avg Student Employment 5
Avg Price Families Pay 6
$0-25K $59,520 $51,440 $1,165 $2,777 $4,138  
$25-50K $59,520 $51,261 $959 $2,198 $5,102  
$50-75K $59,520 $46,094 $1,842 $2,325 $9,259  
$75-100K $59,520 $41,460 $2,709 $2,284 $13,066  
$100-125K $59,520 $32,967 $3,470 $2,072 $21,011  
$125-150K $59,520 $26,336 $4,277 $2,257 $26,651  
$150-175K $59,520 $20,602 $4,513 $2,202 $32,203  
$175-200K $59,520 $15,768 $3,999 $2,157 $37,596  
$200+K $59,520 $11,774 $5,335 $2,074 $40,336  

1 Family income includes all sources of income, including untaxed income and excluding losses.

2 Average student expense is the entire cost of attendance for the 2013-2014 academic year, including the $500 estimated cost of travel to and from home.

3 Average scholarships & grants includes scholarships and grants from institutional, federal, state, and private sources.

4 Average student loans includes loans from institutional, federal, and private sources.

5 Average student employment includes employment from institutional and federal programs.

6 Average price families pay is calculated by subtracting average scholarships & grants, average student loans, and average student employment from the average student expense.

This is for informational purposes only. It is based on averages and some family financial circumstances may result in different outcomes.

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