Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 3,248, which is 72.00 % of all undergraduate students. 533 students which is 11.78% of undergraduate students received federal student loans and the average loan amount is $6,577.

For full-time, first-time beginning students (freshmen), 63.78% of students received grants or scholarships and 13% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Massachusetts Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,248, which is 72.00 % of all undergraduate students. 533 students which is 11.78% of undergraduate students received federal student loans and the average loan amount is $6,577.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,187 (70%)$33,585827 (18%)$4,282878 (19%)$7,483
2014-153,158 (70%)$35,239806 (18%)$4,353827 (18%)$7,040
2015-163,118 (69%)$37,116786 (17%)$4,258704 (16%)$7,084
2016-173,047 (68%)$41,422769 (17%)$4,396607 (14%)$6,620
2017-182,924 (65%)$44,820807 (18%)$4,598474 (11%)$6,773
2018-192,981 (65%)$46,952837 (18%)$4,721432 (9%)$6,057
2019-202,906 (64%)$50,864859 (19%)$4,969377 (8%)$5,882
2020-214,358 (100%)$34,013867 (20%)$4,968293 (7%)$6,024
2021-223,557 (77%)$44,422855 (18%)$5,286206 (4%)$6,230
Average3,248 (72.00%)$40,937824 (18.11%)$4,648533 (11.78%)$6,577
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 704 (63.78 % of students) received grants or scholarships and its average amount is $43,402. It can cover 72.15% of tuition & fees ($60,156).

In addition, 144 (13.11 % of students) students get helped from the students loans (average amount : $8,830).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14622 (56%)$36,808246 (22%)$8,062
2014-15586 (56%)$39,339217 (21%)$7,906
2015-16585 (53%)$41,674189 (17%)$7,556
2016-17648 (58%)$43,248180 (16%)$7,530
2017-18662 (60%)$48,459121 (11%)$8,754
2018-19666 (60%)$49,775100 (9%)$8,568
2019-20664 (60%)$53,16297 (9%)$10,070
2020-211,070 (100%)$32,56265 (6%)$7,235
2021-22832 (71%)$45,59180 (7%)$13,792
Average704 (63.78%)$43,402144 (13.11%)$8,830
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 202 (18.33 % of students) received Pell (federal) grants and its average amount is $4,873.

In addition, 19 students received State/local government grants/scholarships (1.89 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14205 (18%)$4,558172 (15%)$3,98917 (2%)$1,852620 (56%)$34,262
2014-15181 (17%)$4,417157 (15%)$3,99620 (2%)$1,793580 (56%)$37,224
2015-16171 (15%)$4,54499 (9%)$4,00024 (2%)$2,390584 (53%)$39,639
2016-17184 (17%)$4,636151 (14%)$3,98719 (2%)$1,987644 (58%)$41,198
2017-18219 (20%)$5,029175 (16%)$4,00022 (2%)$2,265656 (60%)$46,080
2018-19214 (19%)$4,916174 (16%)$3,98921 (2%)$2,349665 (60%)$47,150
2019-20217 (20%)$5,227151 (14%)$4,00019 (2%)$2,270660 (60%)$50,785
2020-21221 (21%)$5,236139 (13%)$4,00011 (1%)$2,3051,070 (100%)$30,938
2021-22210 (18%)$5,290738 (63%)$2,20919 (2%)$2,547647 (55%)$54,315
Average202 (18.33%)$4,873217 (19.44%)$3,79719 (1.89%)$2,195681 (62.00%)$42,399
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 144 (13.11 % of students) get any students loan help and its average loan amount is $144.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14246 (22%)$8,062208 (19%)$6,23356 (5%)$12,264
2014-15217 (21%)$7,906187 (18%)$6,26048 (5%)$11,353
2015-16189 (17%)$7,556153 (14%)$6,31944 (4%)$10,485
2016-17180 (16%)$7,530150 (13%)$5,87042 (4%)$11,307
2017-18121 (11%)$8,754106 (10%)$6,03029 (3%)$14,482
2018-19100 (9%)$8,56884 (8%)$5,05626 (2%)$16,620
2019-2097 (9%)$10,07081 (7%)$4,96026 (2%)$22,118
2020-2165 (6%)$7,23564 (6%)$5,1128 (1%)$17,891
2021-2280 (7%)$13,79271 (6%)$5,28417 (1%)$42,837
Average144 (13.11%)$8,830123 (11.22%)$5,68033 (3.00%)$17,706

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