[Last update: December 11, 2025]

2,936 students (64% of total 4,576 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Massachusetts Institute of Technology (MIT). The average amount of the aid awarded is $58,429.

For the first-time, full-time beginning students (freshmen), 75% of total 1,091 enrolled students have received any kind of financial aid and its average amount of aid received is $61,734.

All Undergraduate Financial Aid

At Massachusetts Institute of Technology, 2,936 undergraduate students (64% of total 4,576 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $58,429.

Financial Aid Statistics (All Undergraduate Students) - MIT
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship2,93664% $171,546,816$58,429
Pell Grants88419% $5,072,049$5,738
Federal Student Loan3067% $1,799,792$5,882

Beginning Undergraduate Students (Freshmen) Financial Aid

814 beginning undergraduate students (75% of total 1,091 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 $61,734.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - MIT
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid81475% --
Grants or Scholarships64459%$39,756,942$61,734
Federal Grants22020%$1,787,893$8,127
Pell Grants22020%$1,294,672$5,885
Other Federal Grants12411%$493,221$3,978
State/Local Grants192%$60,900$3,205
Institutional Grants63758%$37,908,149$59,510
Student Loan Aid848%$938,773$11,176
Federal Student Loans757%$370,213$4,936
Other Student Loans161%$568,560$35,535

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