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.
Financial Aid Statistics (All Undergraduate Students)
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship2,90664% $147,811,012$50,864
Pell Grants85919% $4,268,719$4,969
Federal Student Loan3778% $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.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students)
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid82175% --
Grants or Scholarships66460%$35,299,332$53,162
Federal Grants21720%$1,738,215$8,010
Pell Grants21720%$1,134,215$5,227
Other Federal Grants15114%$604,000$4,000
State/Local Grants192%$43,130$2,270
Institutional Grants66060%$33,517,987$50,785
Student Loan Aid979%$976,811$10,070
Federal Student Loans817%$401,754$4,960
Other Student Loans262%$575,057$22,118

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