univstats
Number Received Financial Aid (All Undergraduate) 2,924
Percent Received Financial Aid(All Undergraduate) 65%
Average Aid Amount $44,820
Number Received Financial Aid (Freshmen) 806
Percent Received Financial Aid (Freshmen) 73%

Financial Aid Information at MIT

For academic year 2017-2018, Total 2,924 students (65% of undergraduate students) received one or more financial aid including grants, scholarship, and/or student loans. The average financial aid amount is $44,820. For freshmen*, 806 students (73% of enrolled students received financial aid.

* Full-time, first-time degree seeking undergraduate students

All Undergraduate Students Financial Aid

For academic year 2017-2018, total 2,924 students (65% of all students) have received grants or scholarships and the average received amount is $44,820. It includes federal, state, local, institutional or other sources of grant aid. Next table describes the financial aid statistics by aid types at Massachusetts Institute of Technology for all undergraduate students.

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 aid2,92465%$44,820
Pell Grants80718%$4,598
Federal Student Loans47411%$6,773

Beginning Students Financial Aid

For academic year 2017-2018, total 806 students (73% of all freshmen) have received any financial aid and 683 students (62% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students. Below table shows the number and amount by source of financial aid at Massachusetts Institute of Technology.

Beginning Students (Freshmen) Financial Aid at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid80673%-
Grants or Scholarship from All Sources66260%$48,459
Federal Grants21920%$8,225
Pell Grants21920%$5,029
Other Federal Grants17516%$4,000
State/Local Grants222%$2,265
Institutional Grants65660%$46,080
Student Loans12111%$8,754
Federal Student Loans10610%$6,030
Other Student Loans293%$14,482