CINXE.COM

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menu-item menu-item-type-custom menu-item-object-custom menu-item-2498"> <a class="site-nav__link site-nav__link--utility" href="/glossary">Glossary</a> </li> <li class="site-nav__link-item site-nav__link-item--search"> <button class="site-nav__link site-nav__link--search site-nav__link--utility js-search-trigger"> <span class="site-nav__search-text js-search-trigger-text">Search</span> <span class="site-nav__search-icons"> <svg width="23" height="22" viewBox="0 0 23 22" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" stroke="currentColor" stroke-width="1.5" class="icon--search-mag site-nav__mag"> <g stroke="currentColor" fill="none"> <circle cx="9.20757329" cy="8.99160695" r="8.50646589"></circle> <path d="M14.8522097,14.6362434 L20.7140392,20.4980728"></path> </g> </svg> <svg width="15" height="15" viewBox="0 0 15 15" xmlns="http://www.w3.org/2000/svg" class="icon--close site-nav__close"> <g stroke="currentColor" stroke-width="1.5" fill="none" fill-rule="evenodd"> <path d="M.746.746L14.5 14.5M14.254.746L.5 14.5"></path> </g> </svg> </span> </button> </li> </ul> </div> </nav> <div id="search-topper" class="search__topper"> <div class="search__topper-width"> <form class="search__form" role="search" method="get" action="https://sfs.mit.edu"> <label class="search__label" for="search-input">Search Pages, FAQs and the Glossary <span class="visually-hidden">for </span></label> <div class="search__field-mod"> <input class="search__field" id="search-input" type="text" name="s" value="" placeholder="What are you looking for?" autocomplete="off"> <button type="submit" class="search__button"> <svg width="23" height="22" viewBox="0 0 23 22" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" stroke="currentColor" stroke-width="1.5" class="icon--search-mag search__mag"> <g stroke="currentColor" fill="none"> <circle cx="9.20757329" cy="8.99160695" r="8.50646589"></circle> <path d="M14.8522097,14.6362434 L20.7140392,20.4980728"></path> </g> </svg> <span class="visually-hidden">Submit Search</span> </button> </div> </form> </div> </div> </header> <main class="main" id="main"> <div class="page-outer page-outer--sf"> <h1 class="homepage__intro">Welcome to MIT Student Financial Services </h1> <section class="section "> <h2 class="section__overline"> <span class="section__overline-text">Financial resources for MIT students</span> </h2> <div class="section__text-mod "> <p class="section__title">How can we help you today?</p> <div class="section__text"><div class="section__text-mod "> <p>Our office provides financial aid and customer service to all MIT students. We collect payments, coordinate student employment, and advise on financial literacy. <span class="s1">If you have a question about money while you’re here, just ask!<br /> </span></p> </div> </div> </div> <div class="card-group"> <div class="card card--full"> <div class="card-inner"> <div class="card__text-wrapper"> <h3 class="card__h">Affording your education</h3> <div class="card__text"><p>Our goal is to help you understand your options and select the best ones for you and your family. We award need-based financial aid from MIT and coordinate the receipt of aid from other sources.</p> </div> </div> <div class="card__links"> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/estimate-your-cost/" >Estimate your cost →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/" >Undergraduate students →</a> <a class="card__link" href="https://sfs.mit.edu/graduate-students/" >Graduate students →</a> </div> </div> </div> <div class="card card--full"> <div class="card-inner"> <div class="card__text-wrapper"> <h3 class="card__h">Customer service </h3> <div class="card__text"><p>We strive to provide accurate, friendly, and timely customer service to all of our students and their families. If you need to talk to someone—contact us and we’ll help you out.</p> </div> </div> <div class="card__links"> <a class="card__link" href="https://sfs.mit.edu/glossary/" >Glossary →</a> <a class="card__link" href="https://sfs.mit.edu/faq/" >FAQs →</a> <a class="card__link" href="https://sfs.mit.edu/contact/" >Contact us →</a> </div> </div> </div> <div class="card card--full"> <div class="card-inner"> <div class="card__text-wrapper"> <h3 class="card__h">Billing and repayment</h3> <div class="card__text"><p>We understand that everyone’s situation is different. We work with you and provide counseling on available financing options. We also offer resources to help you improve your financial literacy and make good choices.</p> </div> </div> <div class="card__links"> <a class="card__link" href="https://sfs.mit.edu/how-to-pay/paying-your-bill/payment-options/" >Paying your bill →</a> <a class="card__link" href="https://sfs.mit.edu/how-to-pay/paying-your-bill/payment-deadlines-and-requirements/" >Deadlines and requirements →</a> <a class="card__link" href="https://sfs.mit.edu/manage-your-money/" >Manage your money →</a> </div> </div> </div> </div> <div class="button-group"> <h3 class="related-links__h">More resources and tools</h3> <ul class="related-links__list"> <li class="related-links__list-item"> <a class="related-links__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/estimate-your-cost/" >Estimate your cost →</a> </li> <li class="related-links__list-item"> <a class="related-links__link" href="https://sfs.mit.edu/undergraduate-students/apply-for-aid/deadlines-requirements/" >How to apply for aid →</a> </li> <li class="related-links__list-item"> <a class="related-links__link" href="https://sfs.mit.edu/forms/" >Important forms →</a> </li> <li class="related-links__list-item"> <a class="related-links__link" href="https://sfs.mit.edu/manage-your-money/budgeting/" >How to budget →</a> </li> <li class="related-links__list-item"> <a class="related-links__link" href="https://sfs.mit.edu/find-a-job/for-students/working-at-mit/" >Find a job  →</a> </li> <li class="related-links__list-item"> <a class="related-links__link" href="https://mitvote.mit.edu/register-to-vote/" target = "_blank">Register to vote →</a> </li> </ul> </div> </section> <section class="section "> <h2 class="section__overline"> <span class="section__overline-text">By the numbers</span> </h2> <div class="stat-group"> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">Affordable for families</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-1"><$100,000</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/07/Free-fall-300x300.jpg);"></div> </div> <p class="stat__text" id="stat-1">Families with income below this level (and typical assets) have a $0 <a href="https://sfs.mit.edu/undergraduate-students/our-approach-to-aid/understanding-your-award/">parent contribution.</a></p> </div> </div> </div> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">Median MIT Scholarship</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-2">$66,663</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/07/Logo-lightboxes-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-2">The median <a href="https://sfs.mit.edu/undergraduate-students/types-of-aid/mit-scholarship/">MIT Scholarship</a> for undergraduates with need in 2023–2024.</p> </div> </div> </div> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">MEET FULL NEED</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-3">100%</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/07/Origami-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-3">We meet 100% of an undergraduate's <a href="https://sfs.mit.edu/undergraduate-students/our-approach-to-aid/what-we-consider/">demonstrated need</a> through our <a href="https://sfs.mit.edu/undergraduate-students/types-of-aid/mit-scholarship/">types of aid</a>. </p> </div> </div> </div> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">Tuition-free</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-4">39%</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/07/Atrium-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-4">The percentage of MIT undergraduates who received <a href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/making-mit-affordable/">scholarships and grants equal to or greater than tuition</a> in 2023–2024. </p> </div> </div> </div> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">Leaving MIT</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-5">87%</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/07/Balloons-Crowd-Outside-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-5">The percentage of undergraduates who <a href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/return-on-investment/">graduated from MIT debt-free</a> in 2024. </p> </div> </div> </div> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">After MIT</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-6">$126,438</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/07/Rollercoaster-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-6">The <a href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/return-on-investment/">average starting salary</a> for a graduating MIT senior entering industry in 2024. </p> </div> </div> </div> </div> <div class="button-group"> </div> </section> </div> <section class="quote"> <div class="quote__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/08/Alchemist-800x0-c-default.jpg)"></div> <div class="quote-inner"> <div class="section__overline"> <h2 class="section__overline-text section__overline-text--outlined">We’re here for you</h2> </div> <p class="quote__text">We know an education at MIT is an investment you and your family need to consider carefully. We’re here to help. Feel free to reach out to the Student Financial Services team if you have any questions about financial aid or billing.</p> <img class="quote__signature" src="https://sfs.mit.edu/wp-content/uploads/2018/08/stu-small.png" alt="" /> <div class="quote__attribution"> <span class="quote__name">Stu Schmill '86</span> <span class="quote__title">Dean of Admissions and Student Financial Services</span> </div> </div> </section> </main> <div class="site-footer-mod"> <footer class="site-footer"> <a class="site-footer__name-link" href="/">MIT Student Financial Services</a> <p class="site-footer__text">At Student Financial Services, we work to make MIT affordable for every family so their students can join our community and make the most of their education.</p> <div class="site-footer__links-mod"> <dl class="site-footer__links"> <dt class="site-footer__item-label menu-item menu-item-type-post_type menu-item-object-page menu-item-2320 menu-item-has-children"> <a class="site-footer__label-link" href="https://sfs.mit.edu/undergraduate-students/">Undergraduate students</a> </dt> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-1513"> <a class="site-footer__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/">Cost and affordability</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-1168"> <a class="site-footer__link" href="https://sfs.mit.edu/undergraduate-students/our-approach-to-aid/">Our approach to aid</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-177"> <a class="site-footer__link" href="https://sfs.mit.edu/undergraduate-students/types-of-aid/">Types of aid</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-175"> <a class="site-footer__link" href="https://sfs.mit.edu/undergraduate-students/apply-for-aid/">Apply for aid</a> </dd> <dd 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href="https://sfs.mit.edu/manage-your-money/budgeting/">How to budget</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-1177"> <a class="site-footer__link" href="https://sfs.mit.edu/manage-your-money/banking-best-practices/">How to bank</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-7153"> <a class="site-footer__link" href="https://sfs.mit.edu/manage-your-money/how-to-save/start-saving/">How to save</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-188"> <a class="site-footer__link" href="https://sfs.mit.edu/manage-your-money/education-taxes-credits/">How to do taxes</a> </dd> </dl> <dl class="site-footer__links"> <dt class="site-footer__item-label menu-item menu-item-type-post_type menu-item-object-page menu-item-2323 menu-item-has-children"> <a class="site-footer__label-link" 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