Massachusetts Institute of Technology

  • low financial help rate

    Last year, 3,118 undergraduate students (69% of all students) have received grants, scholarship, and/or federal student loans at Massachusetts Institute of Technology.

    Number Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
    Grant or scholarship aid3,118 69%$115,726,328$37,116
    Pell Grants786 17%$3,347,132$4,258
    Federal Students Loans704 16%$4,986,938$7,084
  • Last year, 3,118 undergraduate students (69% of all students) have received grants, scholarship, and/or federal student loans at Massachusetts Institute of Technology.

    Number Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
    Grant or scholarship aid585 53%$24,379,472$41,674
    Federal Grant Aid171 15%$1,173,003$6,860
    Pell Grants171 15%$777,003$4,544

69% Undergraduate Students Got Financial Aid

3,118 undergraduate students (69% of all students) have received grants, scholarship, and/or federal student loans at Massachusetts Institute of Technology ( compared similar schools). The average amount of grants of scholarship aid is $37,116 and the average loan amount is $7,084.

Number Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid3,118 69%$115,726,328$37,116
Pell Grants786 17%$3,347,132$4,258
Federal Students Loans704 16%$4,986,938$7,084

First-time Full-time Undergraduate Students (Freshmen)

585 freshmen have received one or more types of financial aid at Massachusetts Institute of Technology ( compared similar schools). The average amount of federal, state, local or institutional grant aid is $41,674 and the average amount of student loans awarded to full-time first-time undergraduates is $7,556. Next table shows the financial data by type of aid at Massachusetts Institute of Technology.

Number Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid61155%--
Grant or scholarship aid585 53%$24,379,472$41,674
Federal Grants171 15%$1,173,003$6,860
Pell Grants171 15%$777,003$4,544
Other Federal Grants99 9%$396,000$4,000
State/Local Grants24 2%$57,362$2,390
Institutional Grants584 53%$23,149,107$39,639
Student Loans189 17%$1,428,100$7,556
Federal Student Loans153 14%$966,780$6,319
Other Student Loans44 4%$461,320$10,485

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