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.
Financial Aid Statistics (All Undergraduate Students)
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 |