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, and check out the Student Financial Services website for more information.
If you haven't applied for financial aid yet, don't worry! You can still apply. The process to apply for financial aid is different depending on if you are a domestic or an international student. 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.
Early Action: The application deadline for Early Action was November 30 and awards were released in mid-January. We continue to release awards to EA admits on a rolling basis.
Regular Action: Financial aid awards will be released in mid-to-late March for those who applied by February 15. Awards will be released on a rolling basis after the initial release for those who applied after the February deadline.
Make sure all required documents have been submitted. You can check your portal to track your submitted aid documents.
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 you want a job, you will find one!
94% 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 2022–2023, 74% of undergraduates earned wages from MIT and/or Federal Work Study employment. Typically, undergrads earn about $1,700 a semester for 6–8 hours of work per week.
35%
MIT undergraduates who don't pay tuition due to our need-based aid
86%
MIT undergraduates who graduated debt-free in 2023
$126,841
average starting salary
Use one of our two calculators to see how much financial aid you might receive.
OFY has everything for your student to succeed academically, personally, and professionally as they transition into life at MIT.