Financial Aid At Massachusetts Institute of Technology
2,924 students (65% of total 4,489 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 $44,820.
For the first-time, full-time beginning students (freshmen), 73% of total 1,099 enrolled students have received any kind of financial aid and its average amount of aid received is $48,459.
All Undergraduate Financial Aid
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.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Grant or Scholarship | 2,924 | 65% | $131,055,139 | $44,820 |
| Pell Grants | 807 | 18% | $3,710,248 | $4,598 |
| Federal Student Loan | 474 | 11% | $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.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Any Financial Aid | 806 | 73% | - | - |
| Grants or Scholarships | 662 | 60% | $32,079,570 | $48,459 |
| Federal Grants | 219 | 20% | $1,801,260 | $8,225 |
| Pell Grants | 219 | 20% | $1,101,260 | $5,029 |
| Other Federal Grants | 175 | 16% | $700,000 | $4,000 |
| State/Local Grants | 22 | 2% | $49,831 | $2,265 |
| Institutional Grants | 656 | 60% | $30,228,479 | $46,080 |
| Student Loan Aid | 121 | 11% | $1,059,197 | $8,754 |
| Federal Student Loans | 106 | 10% | $639,220 | $6,030 |
| Other Student Loans | 29 | 3% | $419,977 | $14,482 |
Best Programs at Massachusetts Institute of Technology
Massachusetts Institute of Technology have been chosen for one of best colleges in next area of majors.
- Business Administration and Management
- Biology/Biological Sciences
- Bioinformatics
- Geology/Earth Science
- Finance
