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data-contact-link-id="2">617.258.8600</a> </li> </ul> <ul class="site-nav__links site-nav__links--utility"> <li class="site-nav__link-item menu-item menu-item-type-post_type menu-item-object-page menu-item-2496"> <a class="site-nav__link site-nav__link--utility" href="https://sfs.mit.edu/help/">FAQs</a> </li> <li class="site-nav__link-item menu-item menu-item-type-post_type menu-item-object-page menu-item-2497"> <a class="site-nav__link site-nav__link--utility" href="https://sfs.mit.edu/forms/">Forms</a> </li> <li class="site-nav__link-item 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"> <div class="page-header"> <div class="title-outer"> <h1 class="page-title">Undergraduate students</h1> </div> <div class="header__text"> <p class="header__intro">At MIT, we admit the most talented students in the world through need-blind admissions. Once admitted, we meet your full financial need for all four years of your undergraduate career. </p> <div class="header__p">We define financial aid as any funding that helps to finance your college expenses. This aid usually comes from a variety of sources and can include <a href="https://sfs.mit.edu/undergraduate-financial-aid/types-of-aid/mit-scholarship/">grants and scholarships</a>, <a href="https://sfs.mit.edu/find-a-job/working-at-mit/">work and research opportunities</a>, and sometimes <a href="https://sfs.mit.edu/undergraduate-students/types-of-aid/loans/">student loans</a>.</div> </div> </div> <div class="page__body--section-front"> <section class="section "> <h2 class="section__overline"> <span class="section__overline-text">Table of contents</span> </h2> <div class="card-group"> <div class="card card--full"> <div class="card-inner"> <div class="card__text-wrapper"> <h3 class="card__h">Cost of attendance</h3> <div class="card__text"><p>The cost of attendance is the total amount we estimate it will cost a student to attend MIT for the year. We use this budget to determine financial aid for every student who applies for aid.</p> </div> </div> <div class="card__links"> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/making-mit-affordable/" >Making MIT affordable →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/annual-student-budget/" >Cost of attendance →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/how-much-it-costs/" >Cost versus price →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/the-cost-of-attendance/return-on-investment/" >Return on investment →</a> </div> </div> </div> <div class="card card--full"> <div class="card-inner"> <div class="card__text-wrapper"> <h3 class="card__h">Our approach to aid</h3> <div class="card__text"><p>At MIT, we are committed to helping our students pay for their education. The price of an MIT education varies for each student depending on how much they can afford, but our commitment to affordability remains a constant.</p> </div> </div> <div class="card__links"> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/our-approach-to-aid/what-we-consider/" >What we consider →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/our-approach-to-aid/understanding-your-offer/" >Understanding your offer →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/our-approach-to-aid/net-price-calculator/" >Estimate your aid →</a> </div> </div> </div> <div class="card card--full"> <div class="card-inner"> <div class="card__text-wrapper"> <h3 class="card__h">How to apply for aid</h3> <div class="card__text"><p>We offer several forms of aid. The most common type of aid is the MIT Scholarship. If you receive one, it is a grant that does not need to be repaid.</p> </div> </div> <div class="card__links"> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/apply-for-aid/" >When and how to apply →</a> <a class="card__link" href="https://sfs.mit.edu/undergraduate-students/types-of-aid/" >Types of aid we offer →</a> </div> </div> </div> </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">Making MIT affordable</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/Origami-300x200.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">Tuition-free</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-2"><$200,000</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/08/Alchemist-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-2">Most students with a family income below this level (and typical assets) do not pay tuition. </p> </div> </div> </div> <div class="stat stat--image_stat"> <div class="stat-inner"> <h3 class="stat__h">Debt-Free</h3> <div class="stat__mod"> <div class="stat__graphic"> <p class="stat__number" aria-describedby="stat-3">87%</p> <div class="stat__img" style="background-image:url(https://sfs.mit.edu/wp-content/uploads/2018/08/15145932938_b0b0f459f5_b-copy-300x200.jpg);"></div> </div> <p class="stat__text" id="stat-3">The percentage of MIT undergraduates who graduated debt-free in 2024.</p> </div> </div> </div> </div> </section> <section class="section section--breakout section--breakout--reverse"> <div class="section--breakout-inner section--glossary-inner"> <h2 class="section__overline"> <span class="section__overline-text">Key terms for undergraduate students</span> </h2> <div class="terms__mod"> <dl class="terms__list"> <div class="terms__list-item"> <dt class="term"><span class="term-inner">Need based</span></dt> <dd class="definition">Need based means that we offer financial aid entirely based on your family's financial circumstances.</dd> </div> <div class="terms__list-item"> <dt class="term"><span class="term-inner">Full need</span></dt> <dd class="definition">Full need means that we meet 100% of your family's demonstrated need through scholarships, grants, and student employment.</dd> </div> </dl> <a class="button button--reverse" href="https://sfs.mit.edu/undergraduate-students/how-we-calculate-aid/what-we-consider/" >Our approach to aid →</a> </div> </div> </section> </div> </div> </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 current-menu-item page_item page-item-1742 current_page_item 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 class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page 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menu-item-9772"> <a class="site-footer__link" href="https://sfs.mit.edu/graduate-students/funding-and-aid/">Funding and aid</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-6944"> <a class="site-footer__link" href="https://sfs.mit.edu/graduate-students/veterans-benefits/">Veterans benefits</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-2321 menu-item-has-children"> <a class="site-footer__label-link" href="https://sfs.mit.edu/how-to-pay/">How to pay</a> </dt> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-701"> <a class="site-footer__link" href="https://sfs.mit.edu/how-to-pay/understand-your-bill/">Understanding your bill</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-725"> <a class="site-footer__link" href="https://sfs.mit.edu/how-to-pay/paying-your-bill/">Paying your bill</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-181"> <a class="site-footer__link" href="https://sfs.mit.edu/how-to-pay/loan-repayment/">Repay your loan</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-2322 menu-item-has-children"> <a class="site-footer__label-link" href="https://sfs.mit.edu/manage-your-money/">Manage your money</a> </dt> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-8290"> <a class="site-footer__link" href="https://sfs.mit.edu/manage-your-money/how-we-can-help/">How we can help</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-187"> <a class="site-footer__link" 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" href="https://sfs.mit.edu/find-a-job/">Find a job</a> </dt> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-191"> <a class="site-footer__link" href="https://sfs.mit.edu/find-a-job/for-students/">For students</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-2164"> <a class="site-footer__link" href="https://sfs.mit.edu/find-a-job/for-employers/">For employers</a> </dd> <dd class="site-footer__item menu-item menu-item-type-custom menu-item-object-custom menu-item-1285"> <a class="site-footer__link" href="https://mit.studentemployment.ngwebsolutions.com/">Go to the jobs board</a> </dd> </dl> <dl class="site-footer__links site-footer__links--more"> <dt class="site-footer__item-label menu-item menu-item-type-post_type menu-item-object-page menu-item-2492 menu-item-has-children"> <a class="site-footer__label-link" href="https://sfs.mit.edu/help/">FAQs</a> </dt> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-6324"> <a class="site-footer__link" href="https://sfs.mit.edu/contact/">Contact</a> </dd> <dd class="site-footer__item menu-item menu-item-type-post_type menu-item-object-page menu-item-2494"> <a class="site-footer__link" href="https://sfs.mit.edu/forms/">Forms</a> </dd> <dd class="site-footer__item menu-item menu-item-type-custom menu-item-object-custom menu-item-2495"> <a class="site-footer__link" href="/glossary">Glossary</a> </dd> </dl> </div> <div class="site-footer__utility"> <a class="site-footer__mit-logo-link" href="http://web.mit.edu/" target="_blank"> <svg version="1.1" id="Layer_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewBox="0 0 3660 1040" xml:space="preserve" class="mit-logo site-footer__mit-logo"> <path d="M1737.06274,160l28.2522,100.41949c3.35645,12.86707,6.71301,25.73413,8.95105,36.36368 c1.39844,6.15405,2.51697,12.02808,3.63599,17.62259h0.55957c1.1189-5.59451,2.23792-11.46854,3.63647-17.62259 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