Financial Aid
Tuition, fees, and financial assistance information for Massachusetts Institute of Technology
In-State Tuition
$59,750
Out-of-State Tuition
$59,750
Average Net Price
$21,519
Price Difference
$38,231
Avg. financial aid
Tuition & Fees
Annual tuition for residents of MA
Annual tuition for non-residents
Average amount students pay after grants and scholarships
Net Price by Family Income
Average net price for students receiving Title IV federal financial aid (2022-23)
$0 - $30,000
-$4,129
$30,001 - $48,000
-$2,483
$48,001 - $75,000
$4,621
$75,001 - $110,000
$13,696
Over $110,000
$46,627
Financial Aid Overview
For first-time, full-time undergraduate students (2022-23)
Students Receiving Any Financial Aid
817 of 1,136 students
Grants & Scholarships
Recipients
654 (58%)
Average Award
$58,331
Federal Pell Grants
Recipients
205 (18%)
Average Award
$5,987
Aid by Source
State & Local Grants
26 recipients (2%)
$2,242 avg
Institutional Grants
648 recipients (57%)
$55,983 avg
Student Loans
Federal student loan data for all undergraduates (2022-23)
Total Borrowers
306
7% of students
Average Loan Amount
$6,091
Financial Aid Resources
Net Price Calculator
Estimate your actual cost after financial aid
Financial Aid Office
Learn about available aid programs and apply
FAFSA Information
Complete the Free Application for Federal Student Aid to qualify for grants, loans, and work-study programs.
Apply for FAFSA →Payment Plans Available
Many institutions offer flexible payment plans to help students manage education costs. Contact the financial aid office to learn about available options including:
- Monthly payment plans
- Deferred payment options
- Employer tuition assistance programs
Quick Links
Need Help?
Contact the financial aid office for personalized assistance with:
- Scholarship opportunities
- Grant eligibility
- Work-study programs
- Payment plan options
Phone
6172531000Federal School Codes
Use these codes when applying for federal financial aid