| Screen last updated on: December 2016 |
The financial aid information below is valid for the 2013 academic year.
|
| Financial aid officer: |
Elizabeth Hicks,
Executive Director of Student Financial Services |
| Contacting the office: |
617 253-4971
617 253-9859 (fax)
sfs@mit.edu |
| FAFSA number: |
002178 |
| CSS/PROFILE number: |
3514 |
|
| Undergraduate tuition: |
$48,140; $48,140 out-of-state |
| Additional required fees: |
$312 |
| Book fees: |
$1,000 |
| Miscellaneous expenses: |
$1,790 |
| Other expenses: |
Personal. |
| Combined room and board expenses: |
$10,460 - $15,390 |
|
| Required form |
Priority date |
Rolling? |
Closing date |
| FAFSA | N/A | no | February 15 |
| CSS/Financial Aid PROFILE | N/A | no | February 15 |
| Noncustodial (Divorced/Separated) Parent's Statement | N/A | no | February 15 |
| Business/Farm Supplement | N/A | no | February 15 |
| parent's complete federal income tax returns from prior year | N/A | no | February 15 |
|
| Date award notification begins: |
April 1 |
| Applied for financial aid: |
 | |
| 80% | of first-year students |
| 68% | of full-time undergraduates |
| 62% | of part-time undergraduates |
|
| Determined to have financial need: |
| |
| 74% | of first-year students |
| 85% | of full-time undergraduates |
| 81% | of part-time undergraduates |
|
| Students determined to have financial need who received any financial aid: |
| |
| 100% | of first-year students |
| 100% | of full-time undergraduates |
| 100% | of part-time undergraduates |
|
| Students determined to have financial need who received any need-based gift aid: |
| |
| 99% | of first-year students |
| 98% | of full-time undergraduates |
| 100% | of part-time undergraduates |
|
| Students receiving financial aid who received need-based self-help aid: |
| |
| 78% | of first-year students |
| 86% | of full-time undergraduates |
| 100% | of part-time undergraduates |
|
| Students receiving financial aid who received any non-need-based gift aid: |
| |
| 4% | of first-year students |
| 2% | of full-time undergraduates |
| 0% | of part-time undergraduates |
|
| Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans): |
| |
| 100% | of first-year students |
| 100% | of full-time undergraduates |
| 100% | of part-time undergraduates |
|
| Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans): |
| |
| 100% | for first-year students |
| 100% | for full-time undergraduates |
| 100% | for part-time undergraduates |
|
| Average financial aid package (excluding PLUS loans and private alternative loans): |
| |
| $41,078 | for first-year students |
| $41,325 | for full-time undergraduates |
| $25,467 | for part-time undergraduates |
|
| Average need-based gift award: |
| |
| $37,899 | for first-year students |
| $37,657 | for full-time undergraduates |
| $21,101 | for part-time undergraduates |
|
| Average need-based self-help award (excluding PLUS loans and private alternative loans): |
| |
| $3,654 | for first-year students |
| $4,037 | for full-time undergraduates |
| $3,907 | for part-time undergraduates |
|
| Average need-based loan (excluding PLUS loans and private alternative loans): |
| |
| $2,705 | for first-year students |
| $2,864 | for full-time undergraduates |
| $3,169 | for part-time undergraduates |
|
| School participates in Federal Work-Study Program: |
yes |
|
| Types of loans available: |
|
- Direct Subsidized Stafford Loans
- Direct Unsubsidized Stafford Loans
- Direct PLUS Loans
- Federal Perkins Loans
- College/University Loans
|
|
| Parent loans packaged to meet need: |
no |
| Percent of undergraduates who have borrowed through all loan programs: |
41% |
| Average student debt upon graduation: |
$17,891 |
| Types of payment plans: |
|
- Tuition Management Systems
|
|
| Need-based scholarships/grants available: |
|
- need-based (general)
- Federal Pell Grants
- SEOG
- state scholarships/grants
- college/university scholarships/grants (institutional funds)
- private scholarships/grants
|
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