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 2020. For that period, the average number of students who received grants aid/scholarships is 3,066 (67.75 % of all undergraduate students) and 650 (14.38 % of all undergraduate students) students received federal student loans (average loan amount: $6,787).
TableChart
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
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
Average3,066 (67.75%)$40,379814 (17.88%)$4,470650 (14.38%)$6,787
All Undergraduate Students Financial Aid Over Time of Massachusetts Institute of Technology
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentile of number of students receiving aids among all undergraduate students..

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

OverviewGrants/ScholarshipStudent Loans
For the last 8 years, on average, 634 (57.38 % of students) received grants or scholarships and its average amount is $43,594. In addition, 170 (15.50 % of students) students get helped from the students loans (average amount : $8,358).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
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
Average634 (57.38%)$43,594170 (15.50%)$8,358
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentile 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 8 years, on average, 197 (17.75 % of students) received Pell (federal) grants and its average amount is $4,707. In addition, 21 students received State/local government grants/scholarships (2.00 % 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
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
Average197 (17.75%)$4,707157 (14.25%)$4,39221 (2.00%)$2,113629 (57.25%)$41,266
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentile 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 8 years, on average, 170 (15.50 % of students) get any students loan help and its average loan amount is $170.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
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
Average170 (15.50%)$8,358145 (13.25%)$5,86638 (3.50%)$14,451

Best Programs at Massachusetts Institute of Technology

Massachusetts Institute of Technology have been chosen for one of best colleges in next area of majors.


Most Searched Massachusetts Colleges (last 30 days)

UndergraduateGraduate SchoolsOnline SchoolsTechnical Colleges

Related Articles and Ads