Financial Aid At Massachusetts Institute of Technology

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At Massachusetts Institute of Technology, 2,924 undergraduate students (65% of total 4,489 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $44,820.
Financial Aid Statistics (All Undergraduate Students) at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship2,92465% $131,055,139$44,820
Pell Grants80718% $3,710,248$4,598
Federal Student Loan47411% $3,210,571$6,773

Beginning Undergraduate Students (Freshmen) Financial Aid

806 beginning undergraduate students (73% of total 1,099 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 $48,459.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid80673% --
Grants or Scholarships66260%$32,079,570$48,459
Federal Grants21920%$1,801,260$8,225
Pell Grants21920%$1,101,260$5,029
Other Federal Grants17516%$700,000$4,000
State/Local Grants222%$49,831$2,265
Institutional Grants65660%$30,228,479$46,080
Student Loan Aid12111%$1,059,197$8,754
Federal Student Loans10610%$639,220$6,030
Other Student Loans293%$419,977$14,482

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