MIT Admissions

Massachusetts Institute of Technology

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Sample Aid Packages

If you are accepted to MIT, we want to make it possible for you to attend. MIT has generous financial aid. Ninety percent of MIT students receive financial aid from some source to make up the difference between the cost of education and what their family can reasonably contribute.

Below are a few examples of aid packages that show how families with different circumstances afford an MIT education. Please note that these are only examples! All applicants are considered independently, in their own circumstances, under our guiding principles of need-blind, need-only, and full-need financial aid. 

Student A comes from a family where both parents are employed with a combined income of $23,000 and assets totaling $2,000. The student is the only child.

Student budget with travel $55,370
What the family pays $1,900
Financial aid package:
MIT scholarship $43,920
Federal Pell Grant $5,550
Federal SEOG Grant $4,000
Financial need: $53,470
Total aid package: $53,470

Student B comes from a two-parent family with both employed with a combined income of $70,600 and assets equal to $16,500. The student has one sibling in college and one younger sibling not in college.

Student budget with travel $55,370
What the family pays $4,200
Financial aid package:
MIT scholarship $46,770
Federal Pell Grant $1,100
Term-Time Work Eligibility $3,000
Student Loan Eligibility $300
Financial need: $51,170
Total aid package: $51,170

Student C comes from an international family of four, two employed parents, the student and one sibling not in college. The family earns a U.S. dollar equivalent of $103,700 and has assets of $426,100.

Student budget without travel but includes student health insurance $57,010
 
What the family pays $36,600
(higher ratio to income due to international GDP)
Financial aid package:
MIT scholarship $14,410
Term-Time Work Eligibility $3,000
Student Loan Eligibility $3,000
Financial need: $20,410
Total aid package: $20,410

* In addition to any family contribution, International families are expected to fund the cost of travel to and from the U.S. throughout a student's attendance.

Student D comes from a family with two working parents and a younger, non-college aged sibling. The parents earn a combined income of $125,000 and has $118,600 in assets.

Student budget with travel $55,670
 
What the family pays $21,400
Financial aid package:
MIT scholarship $28,270
Private scholarship $1,000
Term-Time Work Eligibility $3,000
Student Loan Eligibility $2,000
Financial need: $34,270
Total aid package: $34,270

Student E is part of a family of three where both the mother and father are employed. Their combined income is $190,400 and their total family assets arel $164,400.

Student budget $55,270
What the family pays $49,270
Financial aid package:
Term-Time Work Eligibility $3,000
Student Loan Eligiblity $3,000
Financial need: $6,000
Total aid package: $6,000