Financial Aid At Massachusetts Institute of Technology

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At Massachusetts Institute of Technology, 3,118 undergraduate students (69% of total 4,527 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $37,116.
Financial Aid Statistics (All Undergraduate Students) at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship3,11869% $115,726,328$37,116
Pell Grants78617% $3,347,132$4,258
Federal Student Loan70416% $4,986,938$7,084

Beginning Undergraduate Students (Freshmen) Financial Aid

948 beginning undergraduate students (86% of total 1,105 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 $41,674.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid94886% --
Grants or Scholarships58553%$24,379,472$41,674
Federal Grants17115%$1,173,003$6,860
Pell Grants17115%$777,003$4,544
Other Federal Grants999%$396,000$4,000
State/Local Grants242%$57,362$2,390
Institutional Grants58453%$23,149,107$39,639
Student Loan Aid18917%$1,428,100$7,556
Federal Student Loans15314%$966,780$6,319
Other Student Loans444%$461,320$10,485

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