For the academic year 2022-2023, total 932 full-time, first-time students (79% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 3,557 students (77% of all students) received grants or scholarships and the average grant amount is $44,422. In addition, 206 students received student loans and the average loan amount is $6,230.
Below tables show the number and amount by source of financial aid at Massachusetts Institute of Technology.
For all undergraduate students, total 3,557 students (77% of all students) received grants or scholarships and the average grant amount is $44,422. In addition, 206 students received student loans and the average loan amount is $6,230.
Below tables show the number and amount by source of financial aid at Massachusetts Institute of Technology.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 3,557 | 77% | $44,422 |
| Pell Grants | 855 | 18% | $5,286 |
| Federal Student Loans | 206 | 4% | $6,230 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 932 | 79% | - |
| Grants or Scholarship from All Sources | 832 | 71% | $45,591 |
| Federal Grants | 738 | 63% | $3,714 |
| Pell Grants | 210 | 18% | $5,290 |
| Other Federal Grants | 738 | 63% | $2,209 |
| State/Local Grants | 19 | 2% | $2,547 |
| Institutional Grants | 647 | 55% | $54,315 |
| Student Loans | 80 | 7% | $13,792 |
| Federal Student Loans | 71 | 6% | $5,284 |
| Other Student Loans | 17 | 1% | $42,837 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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