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)
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 |