Financial Aid At Massachusetts Institute of Technology
2,906 students (64% of total 4,530 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Massachusetts Institute of Technology. The average amount of the aid awarded is $50,864.
For the first-time, full-time beginning students (freshmen), 75% of total 1,102 enrolled students have received any kind of financial aid and its average amount of aid received is $53,162.
All Undergraduate Financial Aid
At Massachusetts Institute of Technology, 2,906 undergraduate students (64% of total 4,530 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $50,864.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Grant or Scholarship | 2,906 | 64% | $147,811,012 | $50,864 |
| Pell Grants | 859 | 19% | $4,268,719 | $4,969 |
| Federal Student Loan | 377 | 8% | $2,217,463 | $5,882 |
Beginning Undergraduate Students (Freshmen) Financial Aid
821 beginning undergraduate students (75% of total 1,102 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 $53,162.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Any Financial Aid | 821 | 75% | - | - |
| Grants or Scholarships | 664 | 60% | $35,299,332 | $53,162 |
| Federal Grants | 217 | 20% | $1,738,215 | $8,010 |
| Pell Grants | 217 | 20% | $1,134,215 | $5,227 |
| Other Federal Grants | 151 | 14% | $604,000 | $4,000 |
| State/Local Grants | 19 | 2% | $43,130 | $2,270 |
| Institutional Grants | 660 | 60% | $33,517,987 | $50,785 |
| Student Loan Aid | 97 | 9% | $976,811 | $10,070 |
| Federal Student Loans | 81 | 7% | $401,754 | $4,960 |
| Other Student Loans | 26 | 2% | $575,057 | $22,118 |
Best Programs at Massachusetts Institute of Technology
Massachusetts Institute of Technology have been chosen for one of best colleges in next area of majors.
- Development Economics and International Development
- Biology/Biological Sciences
- Physics
- Economics
- Civil Engineering
