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Financial Aid at MIT

The average amount of financial aid is $44,422 where 77% of enrolled students have received grants or scholarship aid at Massachusetts Institute of Technology. The average amount of tuition & fees is $60,156 at Massachusetts Institute of Technology.
  • Average Financial Aid: $44,422
  • Undergraduate Tuition: $60,156
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All Undergraduate Student Financial Aid

For academic year 2022-2023, total 3,557 students (77% of all undergraduate students) have received grants or scholarships and the average received amount is $44,422. 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 aid3,55777%$44,422
Pell Grants85518%$5,286
Federal Student Loans2064%$6,230

Beginning Student Financial Aid

For first time, full time beginning students (freshmen), total 932 students (79% of all freshmen) have received any type of financial aid and 845 students (72% 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 $45,591 and the average amount of student loan aid is $13,792. 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 Aid93279%-
Grants or Scholarship from All Sources83271%$45,591
Federal Grants73863%$3,714
Pell Grants21018%$5,290
Other Federal Grants73863%$2,209
State/Local Grants192%$2,547
Institutional Grants64755%$54,315
Student Loans807%$13,792
Federal Student Loans716%$5,284
Other Student Loans171%$42,837

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 2023 tuition & fees is $93,980. The school has a total enrollment of 1,353 and student to faculty ratio is 10 to 1 (10.00%).
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Tufts University (Tufts) is a Private, 4-years school located in Medford, MA. The 2023 tuition & fees is $67,844. The school has a total enrollment of 13,431 and student to faculty ratio is 10 to 1 (10.00%).
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Boston College (Boston) is a Private, 4-years school located in Chestnut Hill, MA. The 2023 tuition & fees is $67,680. The school has a total enrollment of 15,287 and student to faculty ratio is 12 to 1 (8.33%).
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Amherst College (Amherst) is a Private, 4-years school located in Amherst, MA. The 2023 tuition & fees is $67,280. The school has a total enrollment of 1,898 and student to faculty ratio is 7 to 1 (14.29%).
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Bard College at Simon's Rock (Bard College at Simon's Rock) is a Private, 4-years school located in Great Barrington, MA. The 2023 tuition & fees is $66,594. The school has a total enrollment of 298 and student to faculty ratio is 6 to 1 (16.67%).
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Lowest Tuition in Massachusetts

See Colleges having the lowest tuition & fees in Massachusetts (4 years colleges)
Quincy College (Quincy) is a Public, 4-years school located in Quincy, MA. The 2023 tuition & fees is $7,344 for Massachusetts residents and $7,536 for out-of-state students. The school has a total enrollment of 2,602 and student to faculty ratio is 18 to 1 (5.56%).
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Massachusetts General Hospital Dietetic Internship (Massachusetts General Hospital Dietetic Internship) is a Private, 4-years school located in Boston, MA. The 2023 tuition & fees is $7,550. The school has a total enrollment of 22.
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William James College (William James) is a Private, 4-years school located in Newton, MA. The 2023 tuition & fees is $10,655. The school has a total enrollment of 897 and student to faculty ratio is 5 to 1 (20.00%).
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National Graduate School of Quality Management (National Graduate School of Quality Management) is a Private, 4-years school located in Falmouth, MA. The 2023 tuition & fees is $11,810. The school has a total enrollment of 268 and student to faculty ratio is 10 to 1 (10.00%).
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New England College of Business and Finance (New England College of Business and Finance) is a Private, 4-years school located in Boston, MA. The 2023 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%).
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Rivalry Schools to MIT

Compare similar and rivalry schools to Massachusetts Institute of Technology with admission, tuition, and more academic facts.
MIT vs. Brown
Brown University (Brown) is a Private, 4-years school located in Providence, RI. The 2023 tuition & fees is $68,230. The school has a total enrollment of 11,189 and student to faculty ratio is 6 to 1 (16.67%).
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MIT vs. UPenn
University of Pennsylvania (UPenn) is a Private, 4-years school located in Philadelphia, PA. The 2023 tuition & fees is $66,104. The school has a total enrollment of 28,201 and student to faculty ratio is 8 to 1 (12.50%).
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MIT vs. Columbia University
Columbia University in the City of New York (Columbia University) is a Private, 4-years school located in New York, NY. The 2023 tuition & fees is $69,045. The school has a total enrollment of 34,782 and student to faculty ratio is 6 to 1 (16.67%).
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MIT vs. Princeton
Princeton University (Princeton) is a Private, 4-years school located in Princeton, NJ. The 2023 tuition & fees is $59,710. The school has a total enrollment of 8,842 and student to faculty ratio is 5 to 1 (20.00%).
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MIT vs. Harvard
Harvard University (Harvard) is a Private, 4-years school located in Cambridge, MA. The 2023 tuition & fees is $59,076. The school has a total enrollment of 30,631 and student to faculty ratio is 7 to 1 (14.29%).
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MIT vs. Chicago
University of Chicago (Chicago) is a Private, 4-years school located in Chicago, IL. The 2023 tuition & fees is $66,939. The school has a total enrollment of 18,339 and student to faculty ratio is 5 to 1 (20.00%).
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MIT vs. Yale
Yale University (Yale) is a Private, 4-years school located in New Haven, CT. The 2023 tuition & fees is $64,700. The school has a total enrollment of 14,776 and student to faculty ratio is 6 to 1 (16.67%).
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MIT vs. Caltech
California Institute of Technology (Caltech) is a Private, 4-years school located in Pasadena, CA. The 2023 tuition & fees is $63,255. The school has a total enrollment of 2,401 and student to faculty ratio is 3 to 1 (33.33%).
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Massachusetts Best Colleges

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

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All data used in our site is from IPEDS (The Integrated Postsecondary Education Data System), U.S. Department of Education, academic year 2022-2023
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