univstats
For the academic year 2022-2023, total 832 full-time, first-time students (71% of all freshmen) awarded grants or scholarships (federal, state, local, institutional, or any other source). For all undergraduate students, total 3,557 students (77% of all students) have received one or more grants or scholarships at Massachusetts Institute of Technology.

Below tables show the number and amount by source of financial aid at Massachusetts Institute of Technology.
All Undergraduate Student Financial Aid at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid3,55777%$44,422
Pell Grants85518%$5,286
Federal Student Loans2064%$6,230
Beginning Students (Freshmen) Financial Aid at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid93279%-
Grants or Scholarship from All Sources83271%$45,591
Federal Grants73863%$3,714
Pell Grants21018%$5,290
Other Federal Grants73863%$2,209
State/Local Grants192%$2,547
Institutional Grants64755%$54,315
Student Loans807%$13,792
Federal Student Loans716%$5,284
Other Student Loans171%$42,837

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