Our goal is to help make MIT as affordable as possible. We believe every admitted student is meant to be here, regardless of financial need.
We are one of only seven schools in the country that is need blind, need based, and full need for all students, international and domestic. This means that we don't consider your ability to pay for college in the admissions process, and we are fully committed to meeting 100% of your family’s demonstrated financial need for all four years of undergraduate study. And need based means we don't offer aid for merit, athletics, or anything else. Take advantage of our two cost estimators to get an idea of what an MIT education would look like for your family, or check out the Student Financial Services website for more information.
If your student hasn't applied for financial aid yet, don't worry! They can still apply. The process to apply for financial aid is different depending on if your student is a domestic or an international applicant. Visit the Student Financial Services website—where you can see what your family will need to submit in order to be considered for financial aid—and use our step-by-step guide to help you with the process.
If your student is an RA applicant and applied for aid before the February 15 deadline, they will receive their award in mid-March. If they applied after the February deadline, awards will be released on a rolling basis after the inital mid-March release. Your student will be notified of their award through their application portal.
All students, regardless of their financial need, may work during the academic year, and most of our students do. They work on campus in labs, departmental offices and centers, as well as in the community. If they want a job, they will find one.
93% of students do at least one semester of paid research as an undergraduate through our Undergraduate Research Opportunities Program. We also have internship programs, work abroad programs, and resources to find jobs on and off campus.
In 2021–2022, 70% of undergraduates earned wages from MIT and/or Federal Work Study employment. Typically, undergrads earn about $2,100 a semester for ~10 hours of work per week.
33%
MIT undergraduates who don't pay tuition due to our need-based aid
85%
MIT undergraduates who graduated debt-free in 2022
$115,461
average starting salary
Use one of our two calculators to see how much financial aid you might receive.
Get involved and stay connected with life at MIT. You're part of the family now!
OFY has everything for your student to succeed academically, personally, and professionally as they transition into life at MIT.
