3,557 students (77% of total 4,638 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Massachusetts Institute of Technology (MIT). The average amount of the aid awarded is $44,422.

For the first-time, full-time beginning students (freshmen), 79% of total 1,176 enrolled students have received any kind of financial aid and its average amount of aid received is $45,591.

All Undergraduate Financial Aid

At Massachusetts Institute of Technology, 3,557 undergraduate students (77% of total 4,638 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $44,422.

Financial Aid Statistics (All Undergraduate Students) - MIT
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship3,55777% $158,009,295$44,422
Pell Grants85518% $4,519,391$5,286
Federal Student Loan2064% $1,283,341$6,230

Beginning Undergraduate Students (Freshmen) Financial Aid

932 beginning undergraduate students (79% of total 1,176 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Massachusetts Institute of Technology. The average amount of aid received is $45,591.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - MIT
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid93279% --
Grants or Scholarships83271%$37,931,652$45,591
Federal Grants73863%$2,741,184$3,714
Pell Grants21018%$1,110,900$5,290
Other Federal Grants73863%$1,630,284$2,209
State/Local Grants192%$48,400$2,547
Institutional Grants64755%$35,142,068$54,315
Student Loan Aid807%$1,103,368$13,792
Federal Student Loans716%$375,132$5,284
Other Student Loans171%$728,236$42,837

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