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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Massachusetts Institute of Technology since 2011.
For that period, the average number of students who received grants aid/scholarships is 3,243, which is 72.09 % of all undergraduate students. 597 students which is 13.27% of undergraduate students received federal student loans and the average loan amount is $6,697.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-123,238 (74%)$32,572882 (20%)$4,165868 (20%)$7,118
2012-133,203 (71%)$33,030822 (18%)$4,180897 (20%)$7,360
2013-143,187 (70%)$33,585827 (18%)$4,282878 (19%)$7,483
2014-153,158 (70%)$35,239806 (18%)$4,353827 (18%)$7,040
2015-163,118 (69%)$37,116786 (17%)$4,258704 (16%)$7,084
2016-173,047 (68%)$41,422769 (17%)$4,396607 (14%)$6,620
2017-182,924 (65%)$44,820807 (18%)$4,598474 (11%)$6,773
2018-192,981 (65%)$46,952837 (18%)$4,721432 (9%)$6,057
2019-202,906 (64%)$50,864859 (19%)$4,969377 (8%)$5,882
2020-214,358 (100%)$34,013867 (20%)$4,968293 (7%)$6,024
2021-223,557 (77%)$44,422855 (18%)$5,286206 (4%)$6,230
Average3,243 (72.09%)$39,458829 (18.27%)$4,561597 (13.27%)$6,697

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 694 (62.55 % of students) received grants or scholarships and its average amount is $41,958. It can cover 69.75% of tuition & fees ($60,156).
In addition, 157 (14.27 % of students) students get helped from the students loans (average amount : $8,646).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12659 (58%)$34,641225 (20%)$7,216
2012-13637 (56%)$36,284212 (19%)$8,421
2013-14622 (56%)$36,808246 (22%)$8,062
2014-15586 (56%)$39,339217 (21%)$7,906
2015-16585 (53%)$41,674189 (17%)$7,556
2016-17648 (58%)$43,248180 (16%)$7,530
2017-18662 (60%)$48,459121 (11%)$8,754
2018-19666 (60%)$49,775100 (9%)$8,568
2019-20664 (60%)$53,16297 (9%)$10,070
2020-211,070 (100%)$32,56265 (6%)$7,235
2021-22832 (71%)$45,59180 (7%)$13,792
Average694 (62.55%)$41,958157 (14.27%)$8,646
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 200 (18.00 % of students) received Pell (federal) grants and its average amount is $4,768.
In addition, 20 students received State/local government grants/scholarships (1.91 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12192 (17%)$4,267174 (15%)$6,61921 (2%)$1,853642 (57%)$32,427
2012-13184 (16%)$4,329174 (15%)$7,17625 (2%)$1,997622 (55%)$33,790
2013-14205 (18%)$4,558172 (15%)$3,98917 (2%)$1,852620 (56%)$34,262
2014-15181 (17%)$4,417157 (15%)$3,99620 (2%)$1,793580 (56%)$37,224
2015-16171 (15%)$4,54499 (9%)$4,00024 (2%)$2,390584 (53%)$39,639
2016-17184 (17%)$4,636151 (14%)$3,98719 (2%)$1,987644 (58%)$41,198
2017-18219 (20%)$5,029175 (16%)$4,00022 (2%)$2,265656 (60%)$46,080
2018-19214 (19%)$4,916174 (16%)$3,98921 (2%)$2,349665 (60%)$47,150
2019-20217 (20%)$5,227151 (14%)$4,00019 (2%)$2,270660 (60%)$50,785
2020-21221 (21%)$5,236139 (13%)$4,00011 (1%)$2,3051,070 (100%)$30,938
2021-22210 (18%)$5,290738 (63%)$2,20919 (2%)$2,547647 (55%)$54,315
Average200 (18.00%)$4,768209 (18.64%)$4,36020 (1.91%)$2,146672 (60.91%)$40,710
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 157 (14.27 % of students) get any students loan help and its average loan amount is $157.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12225 (20%)$7,216207 (18%)$6,20532 (3%)$10,597
2012-13212 (19%)$8,421192 (17%)$6,20335 (3%)$16,979
2013-14246 (22%)$8,062208 (19%)$6,23356 (5%)$12,264
2014-15217 (21%)$7,906187 (18%)$6,26048 (5%)$11,353
2015-16189 (17%)$7,556153 (14%)$6,31944 (4%)$10,485
2016-17180 (16%)$7,530150 (13%)$5,87042 (4%)$11,307
2017-18121 (11%)$8,754106 (10%)$6,03029 (3%)$14,482
2018-19100 (9%)$8,56884 (8%)$5,05626 (2%)$16,620
2019-2097 (9%)$10,07081 (7%)$4,96026 (2%)$22,118
2020-2165 (6%)$7,23564 (6%)$5,1128 (1%)$17,891
2021-2280 (7%)$13,79271 (6%)$5,28417 (1%)$42,837
Average157 (14.27%)$8,646137 (12.36%)$5,77633 (3.00%)$16,994

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