Financial Aid at MIT

The average amount of financial aid is $50,864 where 64% of enrolled students have received grants or scholarship aid at Massachusetts Institute of Technology. The average amount of tuition & fees is $53,450 at Massachusetts Institute of Technology.

  • Average Financial Aid: $50,864
  • Undergraduate Tuition: $53,450

Explorer Massachusetts Institute of Technology

All Undergraduate Student Financial Aid

For academic year 2019-2020, total 2,906 students (64% of all undergraduate students) have received grants or scholarships and the average received amount is $50,864. Grant/scholarship aid includes federal, state, local, institutional or other sources of grant aid. Next table shows the financial aid statistics for all undergraduate students by aid types at Massachusetts Institute of Technology.
Financial Aid Statistics at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid2,90664%$50,864
Pell Grants85919%$4,969
Federal Student Loans3778%$5,882

Beginning Student Financial Aid

For first time, full time beginning students (freshmen), total 821 students (75% of all freshmen) have received any type of financial aid and 686 students (62% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students. The average amount of grant/scholarship aid is $53,162 and the average amount of student loan aid is $10,070. Next table shows the headcount and average received amount of financial aid by source of the aid at Massachusetts Institute of Technology.
Beginning Students Financial Aid Statistics at Massachusetts Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid82175%-
Grants or Scholarship from All Sources66460%$53,162
Federal Grants21720%$8,010
Pell Grants21720%$5,227
Other Federal Grants15114%$4,000
State/Local Grants192%$2,270
Institutional Grants66060%$50,785
Student Loans979%$10,070
Federal Student Loans817%$4,960
Other Student Loans262%$22,118

Highest Tuition in Massachusetts

See Colleges having the highest tuition & fees in Massachusetts
MGH Institute of Health Professions (MGH Institute of Health Professions) is a Private, 4 years school located in Boston, MA. The 2020 tuition & fees is $78,241. The school has a total enrollment of 1,269 and student to faculty ratio is 10 to 1 (10.00%).
Request Info
Amherst College (Amherst) is a Private, 4 years school located in Amherst, MA. The 2020 tuition & fees is $60,890. The school has a total enrollment of 1,745 and student to faculty ratio is 7 to 1 (14.29%).
Request Info
Tufts University (Tufts) is a Private, 4 years school located in Medford, MA. The 2020 tuition & fees is $60,862. The school has a total enrollment of 12,219 and student to faculty ratio is 10 to 1 (10.00%).
Request Info
Boston College (Boston) is a Private, 4 years school located in Chestnut Hill, MA. The 2020 tuition & fees is $60,202. The school has a total enrollment of 14,934 and student to faculty ratio is 14 to 1 (7.14%).
Request Info
Bard College at Simon's Rock (Bard College at Simon's Rock) is a Private, 4 years school located in Great Barrington, MA. The 2020 tuition & fees is $60,019. The school has a total enrollment of 343 and student to faculty ratio is 6 to 1 (16.67%).
Request Info

Lowest Tuition in Massachusetts

See Colleges having the lowest tuition & fees in Massachusetts (4 years colleges)
Massachusetts General Hospital Dietetic Internship (Massachusetts General Hospital Dietetic Internship) is a Private, 4 years school located in Boston, MA. The 2020 tuition & fees is $7,550. The school has a total enrollment of 22.
Request Info
William James College (William James) is a Private, 4 years school located in Newton, MA. The 2020 tuition & fees is $10,625. The school has a total enrollment of 805 and student to faculty ratio is 7 to 1 (14.29%).
Request Info
National Graduate School of Quality Management (National Graduate School of Quality Management) is a Private, 4 years school located in Falmouth, MA. National Graduate School of Quality Management is a completely online college that all programs/degrees are offered via distance education.The 2020 tuition & fees is $11,810. The school has a total enrollment of 268 and student to faculty ratio is 10 to 1 (10.00%).
Request Info
New England College of Business and Finance (New England College of Business and Finance) is a Private, 4 years school located in Boston, MA. New England College of Business and Finance is a completely online college that all programs/degrees are offered via distance education.The 2020 tuition & fees is $12,120. The school has a total enrollment of 1,237 and student to faculty ratio is 13 to 1 (7.69%).
Request Info
University of Phoenix-Massachusetts (Phoenix-Massachusetts) is a Private, 4 years school located in Braintree, MA. The 2020 tuition & fees is $12,318. The school has a total enrollment of 4 and student to faculty ratio is 3 to 1 (33.33%).
Request Info

Rivalry Schools to MIT

Compare similar and rivalry schools to Massachusetts Institute of Technology with admission, tuition, and more academic facts.

Brown University (Brown) is a Private, 4 years school located in Providence, RI. The 2020 tuition & fees is $60,584. The school has a total enrollment of 9,948 and student to faculty ratio is 6 to 1 (16.67%).
Request Info
University of Pennsylvania (UPenn) is a Private, 4 years school located in Philadelphia, PA. The 2020 tuition & fees is $60,042. The school has a total enrollment of 26,552 and student to faculty ratio is 6 to 1 (16.67%).
Request Info
Columbia University in the City of New York (Columbia University) is a Private, 4 years school located in New York, NY. The 2020 tuition & fees is $60,532. The school has a total enrollment of 30,135 and student to faculty ratio is 6 to 1 (16.67%).
Request Info
Princeton University (Princeton) is a Private, 4 years school located in Princeton, NJ. The 2020 tuition & fees is $48,502. The school has a total enrollment of 7,853 and student to faculty ratio is 4 to 1 (25.00%).
Request Info
Harvard University (Harvard) is a Private, 4 years school located in Cambridge, MA. The 2020 tuition & fees is $53,968. The school has a total enrollment of 30,391 and student to faculty ratio is 5 to 1 (20.00%).
Request Info
University of Chicago (Chicago) is a Private, 4 years school located in Chicago, IL. The 2020 tuition & fees is $59,298. The school has a total enrollment of 17,834 and student to faculty ratio is 5 to 1 (20.00%).
Request Info
Yale University (Yale) is a Private, 4 years school located in New Haven, CT. The 2020 tuition & fees is $57,700. The school has a total enrollment of 12,060 and student to faculty ratio is 4 to 1 (25.00%).
Request Info
California Institute of Technology (Caltech) is a Private, 4 years school located in Pasadena, CA. The 2020 tuition & fees is $56,862. The school has a total enrollment of 2,240 and student to faculty ratio is 3 to 1 (33.33%).
Request Info

Massachusetts Best Colleges

Check out the top colleges in Massachusetts and compare them to get right decision.

harvard-university

Harvard UniversityPrivate, 4 yearsCambridge, MA

massachusetts-institute-of-technology

Massachusetts Institute of TechnologyPrivate, 4 yearsCambridge, MA

williams-college

Williams CollegePrivate, 4 yearsWilliamstown, MA

amherst-college

Amherst CollegePrivate, 4 yearsAmherst, MA

tufts-university

Tufts UniversityPrivate, 4 yearsMedford, MA

wellesley-college

Wellesley CollegePrivate, 4 yearsWellesley, MA

All data used in our site is from IPEDS (The Integrated Postsecondary Education Data System), U.S. Department of Education, academic year 2019-2020